The Bigger Picture: Meta's Llama 3.1

Welcome to another edition of the best damn newsletter in AI.

As a reminder, we’ve opened up Reader Questions. Our mission is to make using AI accessible to every business, and a huge part of that is making sure you’re not stuck and that we continue answering diverse questions. So, submit your question here. We’ll review every single one and cover answers here in the newsletter.

Here's what we're covering today:

• Meta releases Llama 3.1

• Boost brainstorming anywhere with the ChatGPT mobile app

• AI's growing role in financial security

Let’s get to it! 👇

TODAY’S PERSPECTIVE

Zuckerberg Protects Against the “Uber-ification” of AI

AI hype is strong again this week as Meta released their latest open-source AI model, Llama 3.1. People are freaking out because it’s a very large and powerful model, and open source – meaning that you can download the AI model, customize it, and use it on your own servers.

Even if you don’t jump into using Llama 3.1 today, we’re going to explain one of the top reasons that open source AI matters:

Many people are worried about the price of AI being artificially low. 

We’ve all been burned by the originally low prices of Uber hooking us, only to rise and rise over time. So it’s not surprising that people assume the same will happen with AI.

Barring major technological changes – we think this is unlikely to happen. The economics of AI do genuinely get cheaper over time as the models are optimized and initial upfront costs are distributed across usage.

But open source models protect against this even more. 

Even if the cost of AI from closed source providers like OpenAI goes up, you’ll easily be able to switch to an open source model on your own servers.

Yes, there is some work required to switch from one AI provider to another. 

But if we’ve learned anything from the past 24 months of AI, it’s that we’re going to have a healthy and competitive landscape of AI providers for the foreseeable future.

USE CASE

Brainstorm on the Go with ChatGPT!

If you’ve ever felt stuck on a problem or during a brainstorming session, you’re going to love this way to supercharge yourself – and all you need is the ChatGPT mobile app.

Here's how it works:

• Open the ChatGPT app and click the headphone icon.

• Start a conversation with ChatGPT about your problem.

• Let it ask you questions and suggest solutions.

• When you're done, ask ChatGPT to summarize your thoughts and draft an action plan.

You can access this conversation anytime, anywhere. Try it out during your next brainstorming session. You'll be amazed at how much more productive you can be.

Learn more in our LinkedIn course: Tips for using AI to Boost Productivity for Any Role.

LINKS

For your reading list 📚

The double edged sword of AI…

• Visa's AI initiatives blocked 80 million fraudulent transactions in 2023, highlighting the significant role of AI and technology in enhancing security in the financial sector.

• Mark Zuckerberg envisions content creators using AI clones to handle audience engagement, but issues like AI-generated errors and authenticity concerns pose challenges.

• Major video game companies are increasingly using generative AI, leading to job losses and raising ethical concerns about job displacement and the need for worker consent.

In the race for AI dominance...

• Meta launches Llama 3.1, the largest open-source AI model to date. It outperforms rival models and aims to drive industry-wide adoption of open-source AI, despite concerns about training data and cost.

Have a burning AI question? Or stuck trying to help your team adopt AI?

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That's all!

We'll see you again soon! Thoughts, feedback and questions are much appreciated - respond here or shoot us a note at [email protected].

Cheers,

🪄 The AI Exchange Team