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Llama 2 70b Chat vs Llama 3 2 3b

This page is context-first: how much text each model can take in one request. Full specs adds capabilities and limits; the pricing matrix below is only about $/million tokens from hosts that list both models.

Meta

Model

Llama 2 70b Chat

Context window

4K

4,096 tokens · ~3K words

Model page
Meta

Model

Llama 3 2 3b

Tool calling

Context window

131K

131,072 tokens · ~98K words

Model page

Context window · side by side

Bar length is relative to the larger of the two windows (100% = max of this pair). This is not pricing.

Llama 2 70b Chat4K
Llama 3 2 3b131K

Llama 3 2 3b has about 32× the context window of the other in this pair.

Llama 3 2 3b has 3100% more context capacity (131K vs 4K tokens). Llama 3 2 3b is 98% cheaper on input.

Quick verdicts

Short takeaways — validate with your own workloads.

  • Long document processing

    Use Llama 3 2 3b. Its 131K context fits entire documents without chunking (vs 4K).

  • RAG / high-volume retrieval

    Use Llama 3 2 3b. Input tokens are 98% cheaper — critical when sending large retrieved contexts.

  • Long output (reports, code files)

    Use Llama 3 2 3b. Its 131K max output lets you generate complete artifacts in one request.

Full specs

Context, output, capabilities, and dates. Green highlights the favorable value where we compute a winner.

SpecLlama 2 70b ChatLlama 3 2 3b
Context window4,096 tokens (4K)131,072 tokens (131K)
Max output tokens4,096 tokens (4K)131,072 tokens (131K)
Speed tierDeepFast
VisionNoNo
Function callingNoYes
Extended thinkingNoNo
Prompt cachingNoNo
Batch APINoNo
Release dateN/AN/A

Pricing matrix

Dollar rates only: hosts that list both models, per 1M tokens. For how much text fits, use the context section above — not this table.

ProviderLlama 2 70b Chat inLlama 2 70b Chat outLlama 3 2 3b inLlama 3 2 3b out
Anyscale$1.00/M$1.00/M
Deepinfra$0.020/M$0.020/M
Hyperbolic$0.120/M$0.300/M
Ibm Watsonx$0.150/M$0.150/M
Novita$0.030/M$0.050/M

Frequently asked questions

Llama 3 2 3b has a larger context window: 131K tokens vs 4K. For long documents, large codebases, or extended agent sessions, the larger context window reduces the need to chunk inputs or summarize history.

Powered by Mem0

Use a smaller model.
Get better results.

Mem0 gives your AI long-term memory so you stop re-sending context on every call. That means you can use a smaller, faster, cheaper model — and still get better answers.

Example: a multi-turn chat session

Without Mem0~128K tokens sent
Full history
Repeated info
Old context
With Mem0~20K tokens sent
Key memories
Current turn

80% less to send — works with any model