Meta announces Rs 16 Crore grant for AI projects with Llama 3.1 — How to apply, benefits, and more

Meta Platforms Inc. has unveiled the second iteration of its Llama Impact Grants program, announcing a substantial Rs 16 crore ($2 million USD) in awards. This initiative underscores Meta’s commitment to harnessing the transformative power of artificial intelligence (AI) to boost human productivity, creativity, and quality of life. By providing open-source AI tools, Meta aims to ensure that the benefits of AI reach a broad spectrum of organisations worldwide.