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The "Open or Closed" edition
Dearest Gentle Reader,
Last week there was a lot of chatter about the below:
Yes, this beautiful (spitting animal) was also the inspiration for Facebook to name their own Large Language Model - LLaMA
Last week they launched it's latest iteration - LLaMA 3.1. A LLM so powerful that re-ignited the debate over the pros and cons of open-source and closed models.
Why is this important, you might ask? Well last week was about food methapors. This week I am feeling more leafy, so lets use a garden analogy - Think of LLMs as gardens
Why does this distinction matter? Let's examine the pros and cons:
Open-source advantages:
Open-source challenges:
Closed-source advantages:
Closed-source challenges:
But why does this matter to you as a business leader?
You heard me before talking about my Build/Buy/Borrow Framework - and how deciding how to partner on AI is critical.
Open-source models offer the flexibility to tailor solutions to your specific needs without ongoing licensing costs, potentially accelerating innovation. However, they require in-house talent and resources to implement and maintain.
Closed-source models are potentially more expensive, but offer turnkey solutions with professional support, reducing the need for specialized in-house talent.
Deciding one over the other will influence not only your tech stac, but also your hiring strategy, budget allocation and partnership landscape.
This applies to you not only as a CIO or CDO, but if you work in marketing, sales, HR or Finance.
And there's no right answer, it's about selecting the right environment for your project to grow and flourish (no pun intended again).
See you next week.
(The) Lady Whistledown (of AI)