Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
Meta's Llama artificial intelligence (AI) models are being utilized by major companies, including Goldman Sachs and AT&T, for various business functions such as customer service, document review, and computer code generation. The Llama models, which are mostly available free of charge, have seen substantial uptake since their release.
Key Highlights:
Widespread Adoption: Meta's Llama models have been downloaded almost 350 million times since their public release last year, reflecting a significant increase from the 300 million downloads reported in late July when Meta launched the largest version of its Llama 3 model. Usage through cloud providers like Amazon Web Services and Microsoft Azure has more than doubled from May to July this year.
Strategic Positioning in AI: Meta CEO Mark Zuckerberg has emphasized that providing state-of-the-art AI models for free is a strategy to avoid reliance on competitors' closed technologies. He believes that keeping the Llama models open and continuously improving them will establish Llama as an industry standard.
Challenges and Limitations: Despite their capabilities in generating human-like text, Llama models still face challenges with logical tasks and factual accuracy, which affects their adoption in certain business contexts. However, Meta highlighted that large enterprises such as Japanese bank Nomura Holdings, food delivery service DoorDash, and professional services provider Accenture are experimenting with Llama, indicating its competitiveness with paid alternatives like those from OpenAI.
Meta's strategy of making its AI models freely available seems to be paying off, with significant usage by major companies and increasing integration via cloud providers, although the models continue to evolve to overcome certain limitations.
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