Description: The development and dissemination of AI, particularly Large Language Models (LLMs), are increasingly dominated by major tech companies, raising critical issues around access, control, and equity. While proprietary models accelerate innovation and economic gain for some, they risk consolidating power and limiting technological diversity. Open-sourcing LLMs offers a pathway to democratise AI, potentially reducing costs and fostering inclusive innovation by enabling more stakeholders to participate in AI development and application. This roundtable will explore the strategic, economic, and social implications of open-sourcing LLMs, including the potential to counteract monopolistic controls and encourage a broader distribution of technological and economic benefits. The discussion will be centred around the state of open source AI particularly LLMs and their potential to match the proprietary models.