Ask HN: Is it possible to use current gen AI models to train next gen ones?

In a way, they already are. Look at the architecture of GANs, which use a secondary model to judge the quality of response from the first one. It's not used for training, but it's a good and simple example of how models can be composed to build something more advanced.

Yes this is the point of Stanford Alpaca https://github.com/tatsu-lab/stanford_alpaca

They used the larger and more expensive text-davinci-003 model to fine-tune the smaller and cheaper 7B LLaMA model.