> To run Llama 3.1 8B locally, you would need a GPU with a minimum of 16 GB of VRAM, such as an NVIDIA RTX 3090

In full precision, yes. But this talaas chip uses a heavily quantized version (the article calls it "3/6 bit quant", probably similar to Q4_K_M). You dont even need a GPU to run that with reasonable performance, a CPU is fine.