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I guess PaLM2 is competitive with GPT-3.5 so for people not willing to pay it will be an attractive offering.

I'm not sure that counts as 'great' though.

Based on what do you think it's comparable to GPT-3.5 and not to 4? Did we see a lot of public performance?

They claim it is already being used in Bard, also if you read the paper it does much worse at the important benchmarks.