From Fortune: 2024-04-08 07:00:00

A year ago, the “Woodstock of AI” event in San Francisco brought together 5,000 fans of open source AI models, leading to a boom in the industry with startups like Mistral and Together AI. A recent survey revealed that while OpenAI’s closed models are still popular, large companies are increasingly experimenting with open source models like Llama and Mistral.

OpenAI continues to dominate the market with its fine-tuning API and corporate ChatGPT Enterprise, boasting over 600,000 users. However, as the market for generative AI models diversifies based on enterprise needs, OpenAI may face competition from other vendors offering open source models better suited for specific use cases like drug discovery.

Cost, control, and customization are key factors driving the adoption of open source AI models, with companies attracted to the ability to fine-tune models on proprietary data and tasks. The impending release of GPT-5 by OpenAI could shake up the market, but the ease of switching models and increasing competition suggest a mix of closed and open-source models will continue to be used in the future.



Read more at Fortune: Open source AI is booming, but OpenAI’s GPT-4 is still the big winner with corporate customers—for now