Meta announced its new AI model, LLaMA 2 (Large Language Model Meta AI), in collaboration with Microsoft, and importantly, it is open-source and freely available for commercial use.
As per the company blog, Llama 2 is pre-trained on 7B to 70B parameters and 2 trillion tokens, and its fine-tuned models have been trained on over 1 million human annotations.
Llama 2 is offered within the Microsoft Azure AI model catalog, helping developers on Microsoft Azure to join with the power of their cloud-native tools for content filtering and safety functions. Furthermore, Llama 2 can also be accessed through Amazon Web Services (AWS), Hugging Face, and various other service providers.
Recent advancements in generative AI have the power to disrupt various industries and unlock new opportunities for individuals and businesses. Companies like Meta enable widespread access to AI models, fostering collaboration, innovation, and experimentation.
Notably, Microsoft and Meta are working together to expand the reach of AI technology while advocating for the responsible utilization of extensive language models.
Microsoft’s New AI Subscription Pricing Drives Record-Breaking Closing
Microsoft’s shares reached a new high after the company announced pricing details for its new AI subscription service, Microsoft 365 Copilot. This AI service brings artificial intelligence capabilities into Microsoft’s widely utilized Office suite, encompassing applications like Word, Excel, and Teams.
Customers opting for this service would incur an extra monthly charge of $30, which could go high to 83% for enterprise clients. This step will help Microsoft to generate supplementary revenue through the implementation of recurring subscription models.
The statement demonstrates Microsoft’s ongoing efforts to enhance its suite of Office applications, thereby increasing its appeal to businesses seeking to integrate artificial intelligence (AI) into their workflows.
Microsoft has made significant financial contributions towards generative AI, primarily through a substantial investment in OpenAI, the organization behind ChatGPT.