LG AI Research, the artificial intelligence lab under South Korea's LG Group, unveiled the third generation of its giant, multimodal AI model EXAONE on Wednesday, offering improved performance and cost efficiency for its users.To contribute to the development of the AI ecosystem, LG AI Research said it has decided to release the lightweight model of EXAONE 3.0 as open source to be utilized for various research purposes.The first iteration of EXAONE was released in December 2021.Compared with its predecessor, EXAONE 3.0 offers excellent results in performance, requiring 56 percent less processing time for inference, 35 percent less memory usage and 72 percent lower operating costs.LG AI Research claims EXAONE 3.0 ranks 13th globally in benchmark scores among its global peers, such as Meta's Llama 3.1 and Google's Gemma 2.The lab said it plans to work with LG affiliates to bring EXAONE 3.0 to products and services in the second half of the year."As it is important to create AI that can be used in r eal world industries, we plan to strengthen partnerships between LG affiliates, other companies and institutions with EXAONE, which has specialized performance and cost efficiency," LG AI Research President Bae Kyung-hoon said.Source: Yonhap News Agency