The document discusses the use of chain-of-thought (CoT) reasoning in large language models, particularly how GPT-3 (175 billion parameters) can serve as a reasoning teacher for smaller models (70 million to 6.7 billion parameters). It highlights the effectiveness of CoT prompting in generating training data for complex reasoning tasks and the significant performance improvements through a method called fine-tune-CoT. The paper also addresses the scalability of these models and the trade-offs in development and inference costs.