Meta’s newly unveiled Llama 3.1 family of large language models (LLMs), which includes a 405 billion parameter model as well as 70 billion parameter and 8 billion parameter variants, is a boon for enterprises and a bane for proprietary LLM vendors, analysts and experts say.  “While at one end the open weights of the updated models and Llama 3.1 will provide an option for enterprises to shun and reduce their usage of closed proprietary LLMs, at the other end these models will disrupt companies or vendors building and selling LLMs,” said Tobias Zwingmann, managing partner at AI prototyping service platform Rapyd.AI.

Source: ComputerWorld