As Meta debuts its Llama 3 model, today's generative AI landscape is a different animal [Yahoo! Finance]
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Source: Yahoo! Finance
has faced increasing competition from both other open source contenders and companies offering paid closed access models. Called Llama 3, the new set of models represent Meta's attempt to match some of the capabilities currently being offered by rivals such as OpenAI, Anthropic, and Google in their latest models, but which so far have only been available in closed, paid proprietary services. Meta said it wants the most capable Llama 3 models to be multi-modal, meaning they can take in text, images, and even video and then generate outputs in all of those different formats. They are also aiming to make the models multilingual. They also have larger "context windows," meaning they can be fed large amounts of data to analyze or summarize. (Larger context windows have also been shown to reduce a model's hallucination rate, or how often it outputs inaccurate information in response to a prompt.) They boast improved reasoning and coding capabilities too, according to Meta. As many indus
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