Global fintech and funding innovation ecosystem

Meta and Microsoft Unveil Next-Gen AI: Llama 2 – A Game Changer in the AI Landscape

News | Jul 19, 2023

Satya and Zuckerberg image zuck instagram - Meta and Microsoft Unveil Next-Gen AI: Llama 2 - A Game Changer in the AI Landscape

Image: Zuckerberg/Instagram

In a groundbreaking move, Meta, formerly known as Facebook, and Microsoft have announced a partnership to introduce the next generation of Meta's AI large language model, Llama 2.

  • Announcement:  In a groundbreaking move, Meta, Facebook's parent company, and Microsoft have announced a partnership to democratize artificial intelligence (AI). The news was shared by none other than Mark Zuckerberg and Satya Nadella themselves, who posed together for an Instagram picture to seal the deal. This partnership aims to introduce the next generation of Meta's AI large language model, known as Llama 2, and make it freely available for both research and commercial use.

See:  FCA’s Emerging Regulatory Strategy for Big Tech and Artificial Intelligence

  • Strategic Partnership: 
    • The motivations behind this partnership represents a significant shift in the approach to AI technology. While other tech giants like Google and Microsoft have long had dedicated teams of computer scientists advancing AI technology, Meta's move to open source Llama 2 signals a commitment to making AI more accessible and inclusive. This is a bold step, especially at a time when the market is fraught with fear and concern over the potential misuse of AI.
    • Moreover, the partnership with Microsoft, described by Meta as its "preferred partner," indicates a strategic move to broaden AI applications. Microsoft has previously invested billions in OpenAI, the creator of ChatGPT, but this partnership with Meta suggests a diversification of [Microsoft's] AI investments.
    • Interestingly, Meta has also stated that the models will be available through Amazon Web Services, Microsoft's main cloud rival, as well as AI startup Hugging Face and others.
    • As we move forward, it will be interesting to see how this partnership shapes the future of AI.
  • Implications: 
    • The implications of this partnership are far-reaching. By democratizing AI, Meta and Microsoft are fostering an environment that encourages innovation and creativity. Businesses, researchers, and developers will have access to advanced AI technology, which can serve as the foundation for their work. This could potentially lead to a surge in AI-driven solutions and applications across various sectors.
    • As AI continues to evolve, the open sourcing of Llama 2 could pave the way for more collaborative efforts in the tech industry.
    • It could also lead to more transparency in AI development, which could help alleviate some of the market's fears and concerns.

How Does Llama 2 Compare with ChatGPT?

Llama 2 and ChatGPT, both being large language models, have their unique strengths and differences. Here's a comparison based on the information available:

Read:  It’s in all of our Interests to Understand How Artificial Intelligence is Transforming our World

  • Training Data:
    • Llama 2 is trained on a diverse range of texts, including scientific articles, news articles, and more. According to Meta, Llama 2 was trained on 40% more data than its predecessor, Llama 1, which includes information from publicly available online data sources.
    • In contrast, ChatGPT is trained primarily on internet text.
  • Performance:
    • In benchmarks comparing the model to other open-source models, Llama 2 performed at a consistently higher level, particularly when it came to specific tasks. It has a win rate of 36% and a tie rate of 31.5% compared to ChatGPT. It also outperforms the MPT-7B-chat model on 60% of the prompts.
    • However, it's worth noting that Meta acknowledges that Llama 2 is less powerful than GPT-4 and falls slightly behind in performance benchmarks.
    • According to Meta, human evaluators find Llama 2 roughly as "helpful" as ChatGPT. Llama 2 answered on par across a set of roughly 4,000 prompts.
  • Open Source:
    • One of the key differences is that Llama 2 is open-sourced and free for research and commercial use, which is a significant shift from the approach taken by OpenAI with ChatGPT.

Open-Sourcing of Llama 2:  A Bold Move and Leap Into the Future

In conclusion, while both models have their strengths, the open-sourcing of Llama 2 by Meta could potentially make it more accessible and widely used in the AI community.

See:  Future of Neobanking: Exploring the Landscape of AI-Powered Digital Banks

However, the actual impact and adoption will depend on various factors, including the specific use cases, the ease of integration, and the ongoing development and improvements of these models.


NCFA Jan 2018 resize - Meta and Microsoft Unveil Next-Gen AI: Llama 2 - A Game Changer in the AI LandscapeThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Latest news - Meta and Microsoft Unveil Next-Gen AI: Llama 2 - A Game Changer in the AI LandscapeFF Logo 400 v3 - Meta and Microsoft Unveil Next-Gen AI: Llama 2 - A Game Changer in the AI Landscapecommunity social impact - Meta and Microsoft Unveil Next-Gen AI: Llama 2 - A Game Changer in the AI Landscape

Support NCFA by Following us on Twitter!







NCFA Sign up for our newsletter - Meta and Microsoft Unveil Next-Gen AI: Llama 2 - A Game Changer in the AI Landscape




 

Leave a Reply

Your email address will not be published. Required fields are marked *

nineteen − 12 =