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Meta Releases Smaller AI Model With Big Cost Savings

  • Meta has unveiled a more efficient artificial intelligence (AI) model called Llama 3.3, which reduces computing costs for businesses adopting AI technology.
  • The new AI model requires only 4 gigabytes of memory, making advanced AI more accessible to smaller businesses and potentially saving money on hardware costs.
  • The model has 70 billion parameters, down from 405 billion in its predecessor, potentially saving companies up to $600,000 in hardware costs.
  • Meta's shrinking model size while maintaining performance could make advanced AI models more accessible to smaller businesses, closing the gap between businesses and expensive AI systems.

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