Banking, tech firms adopt Llama AI | LinkedIn
Goldman Sachs, Amazon Web Services, and Accenture are among the major firms currently utilizing Meta's artificial intelligence models, according to the social media giant. This announcement comes at a time when investors are expressing concerns about the substantial investments made by Meta and other tech companies in AI development and questioning the financial returns of such technology. Meta's flagship Llama models are predominantly free to use, a strategy that CEO Mark Zuckerberg believes is vital to compete with paid alternatives like OpenAI. Meta views the adoption of Llama by large corporations as a testament to its success.
Key Partners
The key partners in Meta's AI venture include:
- Amazon Web Services (AWS)
- Microsoft Azure
- Google Cloud
- IBM Watsonx
- Databricks
- Snowflake
- ScaleAI
- Dell Technologies
- NVIDIA
Enterprise Customer Examples
Some notable examples of enterprises benefiting from Llama AI include:
- AT&T: 33% improvement in search-related responses in customer service, reduced costs, and faster resolution
- Accenture: expecting 70% productivity and 20-30% quality improvement in ESG report creation
- Goldman Sachs: document information extraction
- DoorDash: automating daily tasks for software engineers
- Nomura: code generation, log analysis, document processing
- Shopify: product metadata enrichment, 40-60M inferences per day
- Zoom: AI companion service
Meta's recent post revealed that Llama 3.1 has been downloaded nearly 350 million times, showing a significant increase compared to the previous year. Accenture is highlighted as a leading user of Llama 3.1, leveraging it for AI Refinery to enhance ESG reporting productivity and quality. The open-source nature of AI models like Llama 3.1 is fostering a diverse ecosystem, providing companies with diverse choices and capabilities.
Stats
Some statistics related to Llama AI:
- Downloads: 350M lifetime on Hugging Face, 10x year-over-year, 20M in the past month
- Cloud token volume: 2x May-July CSPs, 10x Jan-July largest CSPs
- LEAP partners: 5x increase since Llama 3.1
Congratulations to Meta on the achievements with Llama 3.1 and to the teams involved in driving innovation in AI. The adoption of Llama AI by prominent organizations signifies a shift towards embracing advanced technologies in various sectors.
