Aiming to improve output while lowering expenses, Meta Platforms (META, Financials) has published version 3.3 of its Llama generic language model. Starting Friday, Llama 3.3 will be accessible and is meant to be more flexible than past iterations. Meta shares are up 2.4% in Friday’s market trading, changing hands for $623.43, representing an overall gain of 80% for the tech giant’s stock, in the year thus far.
Drawing on Llama 3.1, which was published in July 2024, Llama 3.3 has 70 billion characteristics. Meta’s continuous development seeks to keep its competitive advantage in the rapidly changing AI terrain. Launched in September, Llama 3.2 was the first one to combine picture and text processing.
Appropriate for a wider spectrum of work, the new Llama 3.3 model offers more precise replies and enhanced coding capabilities. These developments complement Meta’s aim of producing easily available, potent artificial intelligence technologies.
Early December 2024 saw almost 600 million people interacting daily with Meta’s AI helper, mainly because of its interaction with well-known applications like Messenger.
Meta wants its Llama series to be useful for business as well as personal needs.
This article first appeared on GuruFocus.