https://techcrunch.com/2024/04/19/techcrunch-minute-metas-new-llama-3-models-give-open-source-ai-a-boost/

New AI models from Meta are making waves in technology circles. The two new models, part of the Facebook parent company’s Llama line of artificial intelligence tools, are both open-source, helping them stand apart from competing offerings from OpenAI and other well-known names.

Meta’s new Llama models have differently sized underlying datasets, with the Llama 3 8B model featuring eight billion parameters, and the Llama 3 70B model some seventy billion parameters. The more parameters, the more powerful the model, but not every AI task needs the largest possible dataset.