Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > Meta releases early versions of its Llama 3 AI model
    Top Stories

    Meta releases early versions of its Llama 3 AI model

    Published by Jessica Weisman-Pitts

    Posted on April 18, 2024

    4 min read

    Last updated: January 30, 2026

    The featured image highlights Meta's Llama 3 AI model, part of its latest advancements in artificial intelligence. This release aims to enhance Meta AI integration across platforms like Facebook and Instagram, positioning it against competitors like OpenAI.
    Meta's Llama 3 AI model showcased in digital setting - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:innovationtechnologypartnership

    Quick Summary

    NEW YORK (Reuters) – Meta Platforms on Thursday released early versions of its latest large language model, Llama 3, and an image generator that updates pictures in real time while users type prompts, as it races to catch up to generative AI market leader OpenAI.

    Meta releases early versions of its Llama 3 AI model

    NEW YORK (Reuters) – Meta Platforms on Thursday released early versions of its latest large language model, Llama 3, and an image generator that updates pictures in real time while users type prompts, as it races to catch up to generative AI market leader OpenAI.

    The models will be integrated into virtual assistant Meta AI, which the company is pitching as the most sophisticated of its free-to-use peers. The assistant will be given more prominent billing within Meta’s Facebook, Instagram, WhatsApp and Messenger apps as well as a new standalone website that positions it to compete more directly with Microsoft-backed OpenAI’s breakout hit ChatGPT.

    The announcement comes as Meta has been scrambling to push generative AI products out to its billions of users to challenge OpenAI’s leading position on the technology, involving an overhaul of computing infrastructure and the consolidation of previously distinct research and product teams.

    The social media giant equipped Llama 3 with new computer coding capabilities and fed it images as well as text this time, though for now the model will output only text, Meta Chief Product Officer Chris Cox said in an interview.

    More advanced reasoning, like the ability to craft longer multi-step plans, will follow in subsequent versions, he added. Versions planned for release in the coming months will also be capable of “multimodality,” meaning they can generate both text and images, Meta said in blog posts.

    “The goal eventually is to help take things off your plate, just help make your life easier, whether it’s interacting with businesses, whether it’s writing something, whether it’s planning a trip,” Cox said.

    Cox said the inclusion of images in the training of Llama 3 would enhance an update rolling out this year to the Ray-Ban Meta smart glasses, a partnership with glasses maker Essilor Luxoticca, enabling Meta AI to identify objects seen by the wearer and answer questions about them.

    Meta also announced a new partnership with Alphabet’s Google to include real-time search results in the assistant’s responses, supplementing an existing arrangement with Microsoft’s Bing.

    The Meta AI assistant is expanding to more than a dozen markets outside the U.S. with the update, including Australia, Canada, Singapore, Nigeria and Pakistan. Meta is “still working on the right way to do this in Europe,” Cox said, where privacy rules are more stringent and the forthcoming AI Act is poised to impose requirements like disclosure of models’ training data.

    Generative AI models’ voracious need for data has emerged as a major source of tension in the technology’s development.

    Meta has been releasing models like Llama 3 for free commercial use by developers as part of its catch-up effort, as the success of a powerful free option could stymie rivals’ plans to earn revenue off their proprietary technology. The strategy has also elicited safety concerns from critics wary of what unscrupulous developers may use the model to build.

    Meta CEO Mark Zuckerberg nodded at that competition in a video accompanying the announcement, in which he called Meta AI “the most intelligent AI assistant that you can freely use.”

    Zuckerberg said the biggest version of Llama 3 is currently being trained with 400 billion parameters and already scoring 85 MMLU, citing metrics used to convey the strength and performance quality of AI models. The two smaller versions rolling out now have 8 billion parameters and 70 billion parameters, and the latter scored around 82 MMLU, or Massive Multitask Language Understanding, he said.

    Developers have complained that the previous Llama 2 version of the model failed to understand basic context, confusing queries on how to “kill” a computer program with requests for instructions on committing murder. Rival Google has run into similar problems and recently paused use of its Gemini AI image generation tool after it drew criticism for churning out inaccurate depictions of historical figures.

    Meta said it cut down on those problems in Llama 3 by using “high quality data” to get the model to recognize nuance. It did not elaborate on the datasets used, although it said it fed seven times more data into Llama 3 than it used for Llama 2 and leveraged “synthetic,” or AI-created, data to strengthen areas like coding and reasoning.

    Cox said there was “not a major change in posture” in terms of how the company sourced its training data.

    (Reporting by Katie Paul, Editing by Nick Zieminski)

    Frequently Asked Questions about Meta releases early versions of its Llama 3 AI model

    1What is Llama 3?

    Llama 3 is Meta's latest large language model designed for various applications, including coding and image generation, aimed at enhancing user interaction through its AI assistant.

    2What is generative AI?

    Generative AI refers to algorithms that can generate new content, such as text, images, or music, based on the data they have been trained on.

    3What is multimodality in AI?

    Multimodality in AI refers to the ability of a model to process and generate multiple types of data, such as text and images, simultaneously.

    4What is the purpose of Meta AI?

    Meta AI is designed to assist users by providing intelligent responses and enhancing interactions across Meta's platforms like Facebook and Instagram.

    5What is MMLU?

    MMLU, or Massive Multitask Language Understanding, is a benchmark used to evaluate the performance of language models across various tasks.

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostScotland ditches 2030 climate target to cut emissions by 75%
    Next Top Stories PostIndustrials boost STOXX 600 as earnings season rolls in