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Meta Unveils Llama 3.1: Advanced Open-Source AI Model Launches
Meta introduced Llama 3. 1, its most advanced open-source AI model, on Tuesday, aiming to compete with industry leaders like OpenAI, Alphabet, and Anthropic. Meta CEO Mark Zuckerberg has been a strong advocate for open-source AI models, which can enhance Meta's competitive edge against closed model makers. The new model is accessible to users of WhatsApp and Meta AI, as well as through Meta's partner ecosystems such as Amazon Web Services, Nvidia, Microsoft Azure, and Google Cloud.
The unveiling of Llama 3. 1 contributes to Meta's positive year-to-date stock performance, with shares up 1. 1% at $492. 80 by 1:30 p. m. ET on Tuesday.
Brief news summary
Meta, the parent company of Facebook, has unveiled its latest open-source artificial intelligence (AI) model called Llama 3.1. This new model is said to rival or outperform those from Microsoft-backed OpenAI, Alphabet, and Amazon-backed Anthropic, intensifying the competition between AI model makers. Meta CEO Mark Zuckerberg has been vocal in his support of open-source AI models, as they could give the company an advantage against closed model makers. The new model is accessible to WhatsApp and Meta AI users, as well as through Meta's partner ecosystems including Amazon Web Services, Nvidia, Microsoft Azure, and Google Cloud. The announcement has positively impacted Meta's stock, which has seen a 40% gain year-to-date.
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