The Benefits of Open-Source vs. Closed-Source LLMs
Briefly

Open-source LLMs are relatively inexpensive with minimal licensing fees, making them cost-effective options for businesses that already bear infrastructure and upkeep costs.
Open-source LLMs are more flexible than closed alternatives, allowing users to avoid vendor lock-in and easily adapt the models to fit their unique applications.
The community support surrounding open-source LLMs enables faster development, as anyone can contribute to the code, leading to more rapid advancements and innovations.
Choosing the right LLM—open-source or closed-source—depends on individual project needs, as both types offer distinct benefits and disadvantages.
Read at Medium
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