Large language models have achieved major advances across domains, yet training them remains extremely resource-intensive. We revisit Sign-SGD, which serves both as a memory-efficient optimizer for single-node training and as a gradient compression mechanism for distributed learning. This paper addresses a central limitation: the effective stepsize cannot be determined a priori because it relies on unknown, problem-specific quantities. We present a parameter-free Sign-SGD that removes manual stepsize selection. We analyze the deterministic single-node case, and extend the method to stochastic single-node training and multi-node settings. We also incorporate the momentum technique into our algorithms and propose a memory-efficient variant that stores only gradient signs instead of full gradients. We evaluate our methods on pre-training LLaMA models (130M and 350M) and fine-tuning a Swin Transformer (28M). Across considered tasks, the proposed methods match the performance of tuned Sign-SGD and AdamW (grid-searched stepsizes with a cosine schedule), while avoiding tuning overhead. Employing parameter-free training yields approximately $1.5\times$ end-to-end speedup compared to runs with grid-searched stepsizes.

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