Best (Large Language Models) LLMs in 2024 & Beyond

Artificial intelligence has grown tremendously recently, particularly in large language models (LLMs). The LLM market is set to Reach USD 6.5 Billion by 2024 and USD 140.8 billion by 2033.  

These advanced models drive significant changes across various industries, transforming how businesses interact with customers, analyze data, and automate processes. 

If you want to build your own LLM models or AI chatbots, it's crucial to stay updated on the best LLMs available in 2024 and beyond. This blog will help you understand the best LLM software, why it’s worth your attention, and how it can benefit your business. 

What are the Best Large Language Models in 2024 & Beyond? 

There are dozens of LLMs available in the market, and they’re becoming popular because of their capabilities, performance, and applications across various industries.  

Here is a list of the top 11 large language models (LLMs) for your business: 

1. GPT 
2. Gemini 
3. Claude 3 
4. Llama 3 
5. LaMDA 
6. Gemma 
7. BERT 
8. PaLM 
9. Falcon 
10. Cohere 
11. Vicuna 

Top 11 Large Language Models At A Glance 

Best LLM for Creating Marketing Content 

GPT

OpenAI’s GPT is a free AI tool. ChatGPT is a highly interactive chatbot and advanced natural language processing (NLP) model. Four main models (GPT-3.5-turbo, GPT-4, and GPT-4 Turbo) and one multimodal version (GPT-4o) are available.  

Large-scale pretraining, contextual understanding, fine-tuning capabilities, and advanced architecture make ChatGPT a great assistant to any marketer.  

Pros & Cons of GPT: 

Standout Features of ChatGPT: 

• Automate content creation, translation, idea generation, coding, and customer support 
• Process both text and image inputs simultaneously  
• Cross-platform compatibility and API integration  

Pricing: 

• ChatGPT-3.5: Free version. 
• ChatGPT-4 Plus: $20 per month 
• Create custom chatbots 
• Access latest upgrades 
• Image generation 
• Generally, more intelligent responses 

Rating & Reviews of ChatGPT: 

• G2: 4.5/5 (30+ reviews) 
• Capterra: 4.7/5 (15+ reviews) 

Best LLM for an AI assistant in Google Workspace 

Gemini

Gemini AI (formerly Bard), by Google, is a large language model, content generator, and AI chatbot that handles various complex NLP tasks. It’s known for versatility and high performance as it aims to provide advanced AI capabilities across different domains.  

This free AI tool is known for real-time applications and for providing quick responses for customer service bots.  

Pros & Cons of Gemini:

Standout Features of Gemini: 

• Combines vision and language capabilities 
• Provides enriched and contextually aware responses 
• Advancements in NLP and computer vision 

Pricing: 

• Free  
• Pay-as-you-go: Input: $7/1M Tokens; Output: $21/1M Tokens 

Rating & Reviews: 

• G2: 4.5/5 (100+ reviews) 

Best LLM for a Large Context Window 

Claude 3

Claude 3, a version of Claude, is an innovative large language model. Its three models - Haiku, Sonnet, and Opus - are safe for enterprise customers. Claude's aptitude for delivering contextually appropriate responses makes it ideal for training conversational AI applications. 

This LLM model can perform advanced reasoning tasks beyond pattern recognition or text generation. It can transcribe and analyze handwritten notes, photos, and static images. In addition, it also supports code generation and multilingual processing.  

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Pros & Cons of Claude 3: 

Standout Features of Claude 3: 

• Use Claude 3 to process roughly 30 pages of text/second. 
• Easily integrate Claude into your existing tech stack without deep technical expertise. 
• Conversational AI for consistent tone and style in customer interactions. 
• Extract information from business emails or conclude survey responses. 

Pricing: 

• Haiku: Input: $0.25 / MTok, Output: $1.25 / MTok. 
• Business and Scale: Custom pricing 
• Free 
• Pro: $20 per person per month 
• Team: $30 per person per month (minimum five people) 

Rating & Reviews: 

• G2: 4.7/5 (20+ reviews) 
• Capterra: 4.8/5 (4 reviews) 

Best LLM for a Free, Customizable  

Llama 3

Llama, aka Large Language Model Meta AI, is designed to facilitate innovation for developers and researchers. The first version of Llama was launched in February 2023.  

One important advantage of Llama 3 is that it is open-source. This means developers can easily fine-tune it and create new AI models to cater to specific tasks. In addition, this software can create codes and natural language about code from prompts.  

Pros & Cons of Llama 3: 

Standout Features of Llama 3: 

• Perform NLP tasks like content generation, summarization, and translation 
• Designed for developers, researchers, and businesses  
• Generate code and natural language prompts 

Pricing: 

• Free or Open Access for Researchers  

Rating & Reviews:  

Capterra: 4.0/5 (1 review) 

Best LLM for Natural conversations and dialogue systems 

LaMDA

LaMDA (Language Model for Dialogue Applications), developed by Google Brain by utilizing decoder-only transformer language model. 

LaMDA's potential use cases are diverse, encompassing customer service, chatbots, personal assistants, and more. It is built on the foundation of an earlier Google chatbot called Meena. The conversational service powered by LaMDA is known as BARD.

Pros & Cons of LaMDA: 

Standout Features of LaMDA: 

• Pre-trained on a vast and diverse text corpus 
• Create natural, human-like conversations 
• Built on previous models like Meena 
• Multimodal capabilities and adaptive learning 

Best LLM for Context-aware applications and personalized responses 

Gemma

Google Gemma is a family of open AI models developed by Google. It is built on the same research and technology that created Gemini. It is available in two sizes: 2 billion parameters and 7 billion parameters. 

Pros & Cons of Gemma: 

Standout Features of Gemma: 

• Built on the same cutting-edge research and AI technology 
• Available in two sizes (2 billion and 7 billion parameters) 
• Capable of handling complex tasks and delivering high-quality outputs 
• Backed by Google's extensive resources and expertise 

Best LLM for Text Classification, Sentiment Analysis, and Question Answering 

BERT

BERT (Bidirectional Encoder Representations from Transformers) is a Google-built machine learning model for NLP (Natural Language Processing). It’s a transformer-based language model known for its ability to understand context in natural language processing tasks.  

It is a bidirectional (can analyze text from both left and right) and unsupervised language representation algorithm capable of analyzing large datasets and quickly training machine learning models. 

BERT is available in two main versions: base and large. While they share the same architecture, the critical difference is the number of parameters they utilize. Specifically, BERT large has 3.09 times more parameters for fine-tuning than BERT base. 

Pros & Cons of BERT:

Standout Features of BERT: 

• Train the machine learning model as per your text data 
• Perform versatile tasks with BERT 
• Multilingual version supports 104 languages 

Pricing: 

Open-source and freely available under the Apache 2.0 license.  

Best LLM for High-Level Reasoning, Multilingual Tasks, and Complex Queries 

PaLM

PaLM (Pathways Language Model), developed by Google, represents a significant advancement in AI and natural language processing. It is trained on various datasets and excels at handling complex reasoning tasks such as coding, classification, and translation.  

The enhanced version, PaLM 2, can be utilized for research purposes and seamlessly integrated into product applications. 

Pros & Cons of PaLM:

Standout Features of PaLM: 

Achieve greater precision in various tasks with advanced language comprehension capabilities.  

Scale flexibly and efficiently using PaLM without requiring task-specific models.  

Simplify operations and handle multiple tasks concurrently with PaLM’s unified model.  

Utilize exceptional reasoning skills for scenarios that demand logical deduction, problem-solving, and decision-making. 

Pricing: 

Custom Pricing 

Best LLM for a Human-Like, Conversational Chatbot 

Falcon

Falcon, developed by the Technology Innovation Institute, is a sophisticated language model designed for complex natural language processing tasks. It has been trained on 40 billion parameters, one trillion tokens, and up to 180 billion parameters. It includes cutting-edge advancements in AI to boost both language understanding and generation capabilities. 

Released under the permissive Apache 2.0 license, Falcon is well-suited for both commercial and research applications. In short, Falcon is ideal for AI-enabled chatbots for customer management and virtual AI assistants that provide a more engaging, human-like experience than ChatGPT. 

Pros & Cons of Falcon: 

Standout Features of Falcon: 

• Create human-like textual responses 
• Track the context of the ongoing conversation 
• Fine-tunable base model 
• Answer complex questions 
• Summarize information 
• Integrate it at no cost into your business applications. 

Best LLM for Building a company-wide search engine 

Cohere

Like Claude 3, Cohere's Coral LLM is tailored for enterprise users. It provides an API and enables organizations to train custom versions of the model on their proprietary data. It allows for precise responses to specific queries from employees and customers. 

Cohere is an enterprise AI platform that helps businesses incorporate Generative AI into their daily operations, including document search, discovery, and retrieval in over 100 languages. It supports organizations in evolving their Generative AI models from proof of concept to total production. It facilitates scalable and efficient machine learning and AI app development. 

Pros & Cons of Cohere: 

Standout Features of Cohere: 

• User-friendly API makes it accessible for newbie technical expertise 
• Excellent scalability 
• Fine-tune models on data 
• Provides transparency in how its models are trained 

Pricing: 

Free 

Default model 

• Command R+: Input: $3/1M Tokens; Output: $15/1M Tokens 
• Command R:  Input: $0.5/1M Tokens; Output: $1.5/1M Tokens 

Fine-tuned model 

• Command R:  Input: $2/1M Tokens; Output: $4/1M Tokens; Training: $8/1M Tokens

Best LLM for Research and Academic Purposes, Open-Source Projects 

Vicuna

Vicuna is an open-source chatbot based on Meta's Llama LLM. It is widely utilized in AI research and is a critical component of Chatbot Arena, a benchmark platform LMSYS manages. 

Primarily, Vicuna is designed for research on large language models (LLMs) and chatbots, targeting researchers and enthusiasts in Natural Language Processing, Artificial Intelligence, and Machine Learning.  

Notably, preliminary evaluations revealed that Vicuna achieved over 90% of the quality of OpenAI's ChatGPT and Google Bard, consistently outperforming other models like LLaMA and Alpaca in over 90% of comparisons. 

Pros & Cons of Vicuna: 

Standout Features of Vicuna: 

• Offers a modular design that supports various extensions and plugins 
• Reduces licensing costs, making it a cost-effective solution for many users. 
• Provides transparency in its codebase 
• Capable of scaling to meet different demands, from small projects to large systems.

How to Choose the Best LLM Software for Your Business? 

Choosing the ideal large language model (LLM) for your business depends on your needs, budget, and available resources. Identify your critical use cases to find models tailored to those applications. 

• Is cost your primary concern? 
• Do you need a model with advanced features and have the budget to support it? 
• Given the evolving nature of LLM technology, thorough research is essential. 

What Should You Look for In The Best LLMs? 

Here are five main factors you need to consider when finding the best AI tool or LLM software for your business:

• High-Quality Outputs: Ensure the AI tool generates outputs that meet your quality standards. 
• Accuracy: Look for a model that provides precise and reliable results. 
• Cost-Effectiveness: Evaluate whether the tool offers good value for its price. 
• Customization: Check if the tool can be tailored to fit your specific needs. 
• Context Window: Assess the model’s ability to handle and remember context effectively. 

Key Features of Large Language Model Software 

Here are five key features of LLM software: 

• Conversational AI Chatbot: This type of chatbot provides intelligent and context-aware responses in real-time conversations and can understand and generate human-like text. 
• Text Summarization: Condenses lengthy documents or articles into concise summaries while retaining essential information and context. 
• Versatile Task Generation: Can perform various tasks, including content creation, data analysis, and generating code snippets based on specific prompts. 
• Fine-tunability: Allows customization and training on specific datasets to enhance performance for specialized applications or industry-specific needs. 
• Multimodality: It supports the integration of multiple types of data, such as text, images, and audio, enabling more comprehensive interactions and outputs. 
• APIs & Third-party Integrations: Provides flexible APIs for seamless integration with other software and systems, facilitating the embedding of LLM capabilities into diverse applications. 

These features make LLM software a powerful tool for various applications, from enhancing customer service with chatbots to supporting complex data analysis tasks. 

From GPT-4's versatility to Google Bard's integration capabilities, the suitable model can significantly enhance your AI-driven projects. By understanding the strengths and applications of these leading LLMs, you can make an informed decision to drive innovation and efficiency in your business. 

Planning to Build Your Own LLM Software Like ChatGPT? 

As you consider leveraging the power of LLMs for your business, it's crucial to partner with experts who can guide you through the development process. At VLink, we specialize in building cutting-edge LLM software and AI chatbots customized to your requirements.  

Our team of skilled LLM developers is ready to assist you in creating innovative solutions that drive efficiency and engagement. 

Ready to transform your business with advanced LLM technology? Contact us today to hire top-tier LLM developers who can bring your AI vision to life.