Introduction

On July 23rd, 2024, Meta released its latest flagship model, Llama 3.1 405B, along with smaller variants: Llama 3.1 70B and Llama 3.1 8B. This release came just three months after the introduction of Llama 3. While Llama 3.1 405B outperforms GPT-4 and Claude 3 Opus in most benchmarks, making it the most powerful open-source model available, it may not be the optimal choice for many real-world applications due to its slow generation time and high Time to First Token (TTFT).

For developers looking to integrate these models into production or self-host them, Llama 3.1 70B emerges as a more practical alternative. But how does it compare to its predecessor, Llama 3 70B? Is it worth upgrading if you’re already using Llama 3 70B in production?

In this blog post, we’ll conduct a detailed comparison between Llama 3.1 70B and Llama 3 70B, examining their performance, efficiency, and suitability for various use cases. Our goal is to help you make an informed decision about which model best fits your needs.

Also Read: Meta Llama 3.1: Latest Open-Source AI Model Takes on GPT-4o mini

Llama 3.1 vs Llama 3: Which is Better?

Overview

  • Llama 3.1 70B: Best for tasks requiring extensive context, long-form content generation, and complex document analysis.
  • Llama 3 70B: Excels in speed, making it ideal for real-time interactions and quick response applications.
  • Benchmark Performance: Llama 3.1 70B outperforms Llama 3 70B in most benchmarks, particularly in mathematical reasoning.
  • Speed Trade-Off: Llama 3 70B is significantly faster, with lower latency and quicker token generation.

Llama 3 70B vs Llama 3.1 70B

Basic Comparison

Here’s a basic comparison between the two models.

 Llama 3.1 70BLlama 3 70B
Parameters70 billion70 billion
Price-Input tokens-Output tokens$0.9 / 1M tokens$0.9 / 1M tokens$0.9 / 1M tokens$0.9 / 1M tokens
Context window128K8K
Max output tokens40962048
Supported inputsTextText
Function callingYesYes
Knowledge cutoff dateDecember 2023December 2023

These significant improvements in context window and output capacity give Llama 3.1 70B a substantial edge in handling longer and more complex tasks, despite both models sharing the same parameter count, pricing, and knowledge cutoff date. The expanded capabilities make Llama 3.1 70B more versatile and powerful for a wide range of applications.



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