Llama 3.1 - Meta AI Revolutionary Release - Latest Open-Source AI Model Takes on GPT-4o mini

1721908965683534 The year 2024 is turning out to be one of the best years in terms of progress on Generative AI. Just last week, we had Open AI launch GPT-4o mini, and just yesterday (23rd July 2024), we had Meta launch Llama 3.1, which has yet again taken the world by storm. What could be the reasons this time? Llama 3.1, developed by Meta AI, is an advanced version of the Llama language model family, featuring improvements in performance, scalability, and capabilities. It is available in three sizes: 8 billion (8B), 70 billion (70B), and 405 billion (405B) parameters【7†source】【9†source】. While it is quite easy to argue that closed models are cost-effective, Meta claims that Llama 3.1 is both open-source and offers some of the best and cheapest models in the industry in terms of cost-per-token based on a detailed analysis done by Artificial Analysis. Here is the detailed comparison from Artificial Analysis on the cost of using Llama 3.1 vs. other popular models. The pricing is shown in terms of both input prompts and output responses in USD per 1M (million) tokens. Llama 3.1 is quite cheap and very close to GPT-4o mini. The larger variants, like Llama 3.1 405B, are quite expensive and similar to the larger GPT-4o model. Articles :- https://dev.to/sh20raj/llama-31-overview-and-features-3c19 https://www.analyticsvidhya.com/blog/2024/07/meta-llama-3-1/ AI","Artificial Intelligence","Generative AI","GPT4","LLaMA","Meta","Meta AI","meta llama 3","open source Free Online Image Compressor :- https://30tools.com/image-compressor Compress your images online for free. Reduce the file size of your JPG, PNG, and WebP photos by up to 80% while maintaining excellent visual quality.