Why Meta’s Llama 3.1 is a boon for enterprises and a bane for other LLM vendors

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…

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