On July 23, 2024, Meta announced its new AI model, named Llama 3.1. According to CEO Mark Zuckerberg, this model is designed to compete with similar products from OpenAI and Google.
The development of Llama 3.1 took several months and cost hundreds of millions of dollars in computational resources.
It is known that Llama 3.1 is used to create chatbots both within Meta and by external developers. The new model also includes generative AI capabilities, allowing it to create images based on text prompts.