Why did Meta AI give a $100 million model for free?

Posted by Worth-Card9034@reddit | LocalLLaMA | View on Reddit | 274 comments

I am referring to Meta's model Llama3

I see couple of folks saying that Meta’s decision to release Llama 3 for free is a strategic masterpiece cloaked in generosity. Its closest competition OpenAI, known for its own powerful AI models like GPT-4, operates on a model where access is generally through a paid API, licensing, or partnership arrangements. some public sources shared that OpenAI Doubles Annualized Revenue to $3.4 Billion.

So what do you think Meta has actually gained by now versus taking the OpenAI model approach?