Introduction
If we had to choose one word to describe the rapid evolution of AI today, it would probably be something along the lines of explosive. As predicted by the Market Research Future report, the large language model (LLM) market in North America alone is expected to reach $105.5 billion by 2030. The exponential growth of AI tools combined with access to massive troves of text data has opened gates for better and more advanced content generation than we had ever hoped. Yet, such rapid expansion also makes it harder than ever to navigate and select the right tools among the diverse LLM models available.
The goal of this post is to keep you, the AI enthusiast and professional, up-to-date with current trends and essential innovations in the field. Below, we highlighted the top 9 LLMs that we think are currently making waves in the industry, each with distinct capabilities and specialized strengths, excelling in areas such as natural language processing, code synthesis, few-shot learning, or scalability. While we believe there is no one-size-fits-all LLM for every use case, we hope that this list can help you identify the most current and well-suited LLM model that meets your business’s unique requirements.
1. GPT
Our list kicks off with OpenAI's Generative Pre-trained Transformer (GPT) models, which have consistently exceeded their previous capabilities with each new release. Compared to its prior models, the latest ChatGPT-4o and ChatGPT-4o mini models offer significantly faster processing speeds and enhanced capabilities across text, voice, and vision.
The latest models are believed to have more than 175 billion parameters—surpassing the parameter count of ChatGPT-3, which had 175 billion—and a substantial context window of 128,000 tokens, making them highly efficient at processing and generating large amounts of data. Both of these models are equipped with multimodal capabilities to handle images as well as audio data.
Despite having advanced conversational and reasoning capabilities, note that GPT is a proprietary model, meaning that the training data and parameters are kept confidential by OpenAI, and access to full functionality is restricted–a commercial license or subscription is often required to unlock the complete range of features. In this case, we recommend this model for businesses looking to adopt an LLM that excels in conversational dialogue, multi-step reasoning, efficient computation, and real-time interactions without the constraints of a budget.
2. LlaMA
Meta is still leading the front with their state-of-the-art LlaMa models. The company released its latest model LlaMA 3.2 in September 2024, featuring multimodal capabilities that can process both text and image for in-depth analysis and response generation, such as interpreting charts, maps, or translating texts identified in an image.
LlaMA 3.2 includes powerful models with 8, 70, and 405 billion parameters, providing a versatile range for different use cases. With a context window of 128,000 tokens, it can handle vast and complex data inputs at a time.
Unlike ChatGPT models, LlaMA 3 is open-source, giving users the flexibility to access and deploy freely on their cloud depending on the specific requirements of their infrastructure, security preferences, or customization needs. We recommend this model to businesses looking for advanced content generation and language understanding, such as those in customer service, education, marketing, and consumer markets. The openness of these models also allows for your greater control over the model’s performance, tuning, and integration into existing workflows.
3. Claude
Next on our list is Claude, more specifically, the latest Claude 3.5 Sonnet model developed by Anthropic. We believe that Claude is arguably one of the most significant competitors to GPT since all of its current models–Claude 3 Haiku, Claude 3.5 Sonnet, and Claude 3 Opus–are designed with incredible contextual understanding capabilities that position themselves as the top conversational AI closely aligned with nuanced human interactions.
While the specific parameters of Claude 3.5 Sonnet remain undisclosed, the model boasts an impressive context window of 200,000 tokens, equivalent to approximately 150,000 words or 300 pages of text.
The current Claude subscription service is credit-based, and the cost can go as high as $2,304/month for enterprise plans tailored to high-volume users. We recommend Claude to mature or mid-stage businesses looking not only to adopt an AI that facilitates human-like interactions but also to enhance their coding capabilities since the Claude 3.5 Sonnet model is currently reaching a 49.0% performance score on the SWE-bench Verified benchmark, placing it as third among all publicly available models, including reasoning models and systems specifically designed for agentic coding.
4. Mistral
Mistral’s latest model–Mistral Large 2 is coming out with outstanding capabilities, particularly when it comes to computational efficiency, coding support, and safety features.
The model carries 123 billion parameters and a massive 128,000 token context window, meaning that it’s capable of holding coherence across long passages of text, making it ideal for complex applications requiring large volumes of document processing.
While Mistral Large 2 is not entirely open-source, the company makes it easily accessible on platforms such as Hugging Face, so that other businesses can download them for deployment in their own environment. However, compared to open-source models, you may find it difficult to fine-tune and customize this one for specific applications.
5. Qwen
Developed by Alibaba Cloud, Qwen gained significant attention in 2023, achieving top ranks on Hugging Face. Designed to perform a wide range of tasks, including NLP, multimodal capabilities, and coding, the latest Qwen 2.5 model aims to improve coding efficiency, mathematical capabilities, and enhanced instruction-following.
Featuring seven open-sourced versions, the model boasts from 0.5 billion to 72 billion parameters, featuring context windows of up to 128,000 tokens.
For businesses and users that have the hardware to run this model, Qwen 2.5 is open-source under the Apache 2.0 license; you can also access it through platforms like Hugging Face or ModelScope. Since this model is excellent for code generation, debugging, and automated forecasting, we recommend it to businesses seeking efficient, scalable AI solutions to enhance productivity and streamline operations.
6. Gemma
Gemma is a series of language models based on transform architecture developed by Google. The models excel in natural language processing across different tasks. Compared to other models, the highlight of Gemma is perhaps its ability to generate contextually accurate and coherent responses.
The latest Gemma model, Gemma 2, offers three models available in 2 billion, 9 billion, and 27 billion parameters with a context window of 8,200.
Gemma is an open-source model that exhibits capabilities almost as good as GPT, so for businesses looking for a rather economic option when searching for a model that interprets and understands messages correctly, this would be an ideal choice.
7. Falcon
Falcon 40B made waves in the open-source LLM community back in 2023, ranking No.1 on Hugging Face’s leaderboard, beating competitors such as Meta and OpenAI. Falcon 180B is a further leap forward that significantly elevates the capabilities of open-source models, demonstrating that you don’t need a proprietary LLM to achieve state-of-the-art performance in various NLP tasks.
Falcon 180B was initially launched by the Technology Innovation Institute of the United Arab Emirates in September 2023 and boasts an impressive 180 billion parameters and 3.5 trillion tokens.
Although Falcon 180B is free for both commercial and research use, it’s important to note that running the model requires significant computing resources. We recommend businesses in sectors such as cloud computing or enterprise AI solutions integrate this model and enhance their AI-driven capabilities across various applications.
8. Gemini
Gemini is a family of closed-source LLM models developed by Google; current models–Gemini 1.0 Nano, Gemini 1.5 Flash, Gemini 1.5 Pro, and Gemini 1.0 Ultra—are designed to operate on different devices, from smartphones to heavy servers. With an incredible 1.5 trillion parameters, Gemini is one of the largest and most advanced language models developed to date.
With that being said, Gemini remains a proprietary model; if your company deals with sensitive or confidential data regularly, you might be concerned about sending it to external servers due to security reasons. To address this concern, we recommend that you double-check vendor compliance regulations to ensure data privacy and security standards are met, such as adherence to GDPR, HIPAA, or other relevant data protection laws.
9. Command
Command R is a family of scalable models developed by Cohere with the goal of balancing high performance with strong accuracy, just like Claude. Both the Command R and Command R+ models offer APIs specifically optimized for Retrieval Augmented Generation (RAG). This means that these models can combine large-scale language generation with real-time information retrieval techniques for much more contextually aware outputs.
Currently, the Command R+ model boasts 104 billion parameters and offers an industry-leading 128,000 token context window for enhanced long-form processing and multi-turn conversation capabilities.
One of the perks of working with an open-source model is also to avoid vendor lock-in. Heavy reliance on a particular type of proprietary model may make it difficult for you to switch to alternative models when your business starts growing or the landscape changes. Cohere approaches this in a hybrid way, meaning that you can access and modify the model for personal usage but need a license for commercial use. In this case, we recommend this model for businesses that want flexibility in experimentation without a long-term commitment to a single vendor.
The landscape of large language models continues to evolve rapidly, and staying informed of these advancements is crucial for enterprise AI strategy. While each of these 9 LLMs offers unique capabilities, the key lies in how they're operationalized within your specific infrastructure and use cases. If you're evaluating how to best implement these models in your enterprise environment, our technical team offers focused 45-minute demonstrations to explore practical deployment scenarios and integration approaches. Connect with us to discuss your specific AI infrastructure requirements and see how leading enterprises are successfully navigating this dynamic landscape.