Luca Soldaini, a research scientist at the Allen Institute for AI, and Sophia Yang, head of Developer Relations at Mistral AI, dive into the explosive rise of open models in 2024. They discuss breakthrough models like Llama 3 and the MOE model, highlighting the competitive dynamics in AI. Key challenges such as regulatory hurdles and limited training data access are explored. The conversation also emphasizes the need for collaboration and open-source methodologies to foster innovation in a rapidly evolving landscape.