RWKV is an RNN with transformer-level LLM performance. It can be directly trained like a GPT (parallelizable). So it's combining the best of RNN and transformer - great performance, fast inference, saves VRAM, fast training, "infinite" ctx_len, and free sentence embedding.
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README.md

RWKV-LM

We propose the RWKV language model, with alternating time-mix and channel-mix layers:

\begin{align*}
\text{Time-mix :} && \text{TM}_{t,c} &&=&&\text{sigmoid}(\text{R}_{t,c}) &&\cdot&& &&\textstyle\sum_{u} &&\textbf{W}_{t,u,c} &&\cdot&& \text{softmax}_t(\text{K}_{u,c}) &&\cdot&& \text{V}_{u,c}\\
\text{Channel-mix :} && \text{CM}_{t,c} &&=&&\text{sigmoid}(\text{R}_{t,c}) &&\cdot&& &&\textstyle\sum_d &&\textbf{W}_{c,d} &&\cdot&& \text{gelu}(\text{K}_{t,d}) &&\cdot&& \text{V}_{t,d}
\end{align*}

(1) We changed the softmax normalization. For masked language models, we define:

\text{softmax}_t(\text{K}_{u,c}) = \frac{\exp(\text{K}_{u,c})}{\sum_{v \leq t}\exp(\text{K}_{v,c})}

(2) We decompose W_{t,u,c} and introduce multi-head W (here h is the corresponding head of c):

W_{t,u,c}=f_h(t-u)\cdot \alpha_h(u) \cdot \beta_h(t)

Moreover we multiply the final output of Time-mix layer by γ(t). The reason for the α β γ factors, is because the context size is smaller when t is small, and this can be compensated using the α β γ factors.


Training loss, RWKV vs MHA+Rotary+GeGLU:

RWKV-vs-MHA

(this is character-level loss with simplebooks-92 dataset https://dldata-public.s3.us-east-2.amazonaws.com/simplebooks.zip)