Why Meta’s new Llama 2 new ChatGPT rival is such a big deal

ChatGPT has enjoyed a huge advantage over its competitors, even companies as large as Google. But Meta has recently announced the latest iteration of its AI model, Llama 2 (Large Language Model Meta), along with the open availability of the model for free to developers for research and commercial purposes.

For the first time this year, we may be witnessing the most significant challenge so far to OpenAI’s grip on the world of generative AI.

It’s open source

OpenAI was originally founded as an open-source organization, a point that Elon Musk has made. It’s since then taken a…