ByteDance open-sources Lance 3B multimodal AI model

ByteDance has released Lance, a new 3-billion parameter multimodal model, into the open-source community. This model is designed to process and understand both images and video content. The release aims to foster further development and innovation in the field of multimodal AI. AI

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IMPACT Increases accessibility of multimodal AI research and development for the broader community.

RANK_REASON Open-source release of a multimodal model from a major tech company. [lever_c_demoted from research: ic=1 ai=1.0]

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• ByteDance
• Lance

• model release
• other