Meta has released a new open-source AI model called Llama 3.1, which is designed to compete with ChatGPT. The model is trained on a massive dataset and is capable of a range of tasks, including generating synthetic data and transferring knowledge to smaller models. Llama 3.1 powers Meta's AI assistant and is also available for developers to use. While the model is open-source, some have criticized Meta for not being completely transparent about its data usage. Ultimately, Meta's release of Llama 3.1 is a strategic move that could potentially benefit the company's social media business and AI development.