Meta Debuts Llama 3, Latest AI Model to Power Chatbots (Correct)

Facebook parent company Meta Platforms Inc. debuted a new version of its powerful Llama artificial intelligence model, its latest effort to keep pace with similar technology from companies like OpenAI and Alphabet Inc.’s Google.

Llama 3, unveiled Thursday, is an upgrade from an AI model that Meta released last summer. Chief Product Officer Chris Cox said that model, Llama 2, has been downloaded 170 million times. Llama 2 was billed as open source, though its license included some restrictions such as requiring companies with more than 700 million users to ask for permission to use it.

Meta, the world’s ...