Meta’s Open-Source AI Model Sparks Industry Debate on Commerce’s Future

news

July 29, 2024

Industry experts are debating the business impact of Meta’s free artificial intelligence (AI) model Llama 3.1, weighing its potential against practical implementation challenges. Boasting 405 billion parameters, the AI model claims performance comparable to proprietary competitors like GPT-4 and Claude 3.5 Sonnet. As Meta expands its reach, with CEO Mark Zuckerberg predicting it will become the most widely used AI assistant by year’s end, businesses are weighing the implications of access to powerful, cost-free AI against the challenges of implementation and security.

“These models can be used to communicate with customers and provide instant 24/7 assistance with simple queries that do not require human intervention,” Ilia Badeev, head of data science at Trevolution Group, told PYMNTS. “With LLMs [large language models], marketing campaigns and recommendations can be truly personalized for individual customers.” Some experts predict a fundamental shift in customer service.

Continue reading here

Media Contacts

We provide communication in written form only

Global

E-mail

pr@dyninno.com

Phone

+44 7391 796792

Latvia

E-mail

v.veltmane@dyninno.com
j.kondratovica@dynatech.lv

Phone

+37 120 65 5702
+37 129 61 3971

India

E-mail

karnika.bahuguna@dyninno.in

Moldova

E-mail

i.cerevco@datapro.md

Phone

+37 379 420400

Colombia

E-mail

j.carreno@dyninno.com

Phone

+571 314 49 00053

We do not comment on anything which might negatively impact our business, our partnerships, our employees, or our competitors

We are happy to provide information at any time of day or night but ask you to understand that we require up to two hours to prepare any statement

About

Divisions

Technologies

Careers

Markets

Newsroom

Contacts

Meta’s Open-Source AI Model Sparks Industry Debate on Commerce’s Future

Media Contacts

Business Divisions

About the company