Overview

• Meta's Llama 3.1 includes a 405 billion parameter model that rivals top proprietary models in benchmark tests.
• Mistral's ML2, with 123 billion parameters, offers high performance with a smaller footprint, making it attractive for commercial use.
• Both models support extensive language capabilities and are designed to avoid vendor lock-in.
• Deploying these models can be costly, but cloud-based solutions offer more affordable access.
• The release of these models intensifies competition among AI providers, potentially driving down costs for enterprises.