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Mag 7's diverging Q2 results: Will they boost the market again?
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Meta Unveils Largest Open-Source AI Model Llama 3.1, Enhanced by NVIDIA's New AI Foundry Services and Supported by Cloud Partners

$Meta Platforms (META.US)$ released its largest open-source AI model, Llama 3.1, which includes three variants. The Llama 3.1 405B model boasts 405 billion parameters, making it Meta’s biggest model to date. Zuckerberg described Llama 3.1 as the "starting point of art," aiming to compete with major models from OpenAI and $Alphabet-A (GOOGL.US)$ . Additionally, Meta has partnered with $NVIDIA (NVDA.US)$ to provide custom services for Llama 3.1 through NVIDIA AI Foundry.

Analysts believe that Llama 3.1 405B marks a significant advancement in AI capabilities and represents a "potential ChatGPT moment" for open-source AI. In benchmark tests, Meta's Llama 3.1 outperformed GPT-4 in multiple evaluations, such as GSM8K and Hellaswag. $Microsoft (MSFT.US)$
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