Is OpenAI Dominance Under Threat With New Meta Llama Model?

Technology

Is OpenAI Dominance Under Threat With New Meta Llama Model? – Crypto News

Published

12 months ago

July 24, 2024

Dripp

Tech giant Meta Platforms Inc. has announced the launch of the latest version of its Llama AI model, Llama 3.1. This is a tool that may threaten the dominance of OpenAI’s products.

Meta Explores Unique Model With Llama 3.1

On Tuesday, the Facebook parent company announced the debut of this new Llama technology that comes in three different versions. One of its variants is the biggest and most capable AI model from Meta to date. This latest model is open-source like other previous Llama models. The Llama 3.1 follows an earlier iteration dubbed Llama 3.

Llama 3.1 reflects Meta’s commitment and massive investment in AI spending. This product is conveniently competing with other industry big names like OpenAI, Google, and Anthropic.

It also underscores the progression of Meta’s business relationship with chip manufacturer Nvidia. Noteworthy, Nvidia is a key partner of Meta, providing the social network with its GPU computing chips. These are used to help train Meta’s AI models, including the latest version of Llama.

Unlike OpenAI which is now profit oriented from the sales of access to its proprietary LLMs, Meta has no such interest. At least, for now. All it plans to do is partner with a couple of tech companies that will get their customers to use Llama 3.1. Also, these firms should be willing to come up with security and management tools that work with the new Meta AI software. So far, the firm has alliance with Amazon Web Services, Google Cloud, Microsoft Azure, Databricks and Dell.

With this kind of business model, Meta may well be on its way to draw some of the market share of OpenAI. In the long run, many sees Meta toppling the Sam Altman-led company.

OpenAI Launch GPT-4o Mini

In the meantime, OpenAI is pursuing the launch of more models to improve its ecosystem. One of its recent products is GPT-4o Mini, a streamlined and more accessible version of its state-of-the-art AI model. It was introduced this month and according to Altman, it is designed to work in harmony with other platforms while being more effective and efficient.

Much emphasis is placed on its “omni” capabilities across multiple formats. OpenAI touted the new model as the most capable and affordable small model on the market. However, this was before Meta came up with its Llama 3.1 model.