Deutsche Bank-Thematic Research Latest in AI Meta Llama 3, Mistral $5bn ...-107763246

DeutscheBankStrategyDateResearch23April2024ThematicResearchGlobalLatestinAI:MetaLlama3,Mistral$5bnEditorsvaluationandUKregulationDavidFolkerts-Landau,Ph.D.GroupChiefEconomistGlobalHeadofResearchMeta’sreleaseofLlama3,itsnextgenerationlargelanguagemodel(LLM),isnot+44-20-754-55502justanaggressivestrategicmove,butalsoasignificantstrikeforopen-sourceAIintheexistentialclashwithproprietarymodelsfromOpenAIandGoogle.PamFinelliGlobalChiefOperatingOfficerResearchInthissecondeditionofour“LatestinAI”newsletter,weexplainwhythismatters.+1-212-250-3712WealsodiscusstheimplicationsofMistral’spotential$5bnvaluationjustayearafteritwasfounded,andthesignificanceoftheUK’schangingattitudetowardsAIJimReidregulation.HeadofGlobalEconomicsandThematicResearchWhileopen-sourcemodelstypicallyofferasmaller,lighter,customisable+44-20-754-72943alternativetotheirproprietarycousins,Llama3issettogohead-to-headwiththem,offeringnotjust8bnand70bnparameterversionsbut,soon,a400bncolossus.ThisAuthorsmattersinaworldwhereparameters–thevariablesthatanAImodellearnsduringOlgaCotagatraining–areaproxyforcapabilities,andwherebigisusuallybetter.ResearchAnalyst+44-20-754-15910Thisweek’schartshowshowthenumberofcalculationsusedtotrainAImodels,whichmirrorsthenumberofparameters,hasincreasedexponentially.AdrianCoxResearchAnalyst+44-20-754-17775Figure1:Thenumb...