Yes — with 380.7 GB to spare

Llama 3.2 3B Instruct at Q4_K_M fits your M3 Ultra · 512 GB entirely in unified memory at 8K context, at an estimated 248 tokens per second. There is room for its full 128K window.

Fully in unified memory 8K context Q4_K_M · 1.8 GB Llama 3.2 Community Released Sep 2024

The 2024 "it just runs" model for 8 GB laptops. Qwen3.5 4B does the same job better now.

What hardware do I need for Llama 3.2 3B Instruct? →

The VRAM budget

weights 1.8 GB
Weights 1.8 GB KV cache @ 8K 0.88 GB Runtime overhead 0.6 GB Free 380.7 GB of 384.0 GB

Quantisation ladder

QuantWeightsTotal @ 8KMax contextTok/sQualityFit
F16 6.0 GB 7.5 GB 128K 75 Reference Long context
Q8_0 3.2 GB 4.7 GB 128K 141 −0.1% ppl Long context
Q6_K 2.5 GB 3.9 GB 128K 182 −0.4% ppl Long context
Q5_K_M 2.1 GB 3.6 GB 128K 211 −0.8% ppl Long context
Q4_K_M 1.8 GB 3.3 GB 128K 248 −1.9% ppl Recommended
Q3_K_M 1.5 GB 2.9 GB 128K 306 −5.4% ppl Long context
Q2_K 1.3 GB 2.7 GB 128K 357 −15% ppl Long context

Quality is the published perplexity delta against f16 weights. Max context assumes an f16 KV cache; q8_0 roughly doubles it.

How to run it

terminal
$ pip install mlx-lm
$ mlx_lm.generate --model mlx-community/Llama-3.2-3B-Instruct-4bit \
    --max-tokens 512 --prompt "Hello"

Apple's own array framework. The fastest path on Apple Silicon. More on MLX.

01Download is 1.8 GB. Keep it on an SSD — a first load off a spinning disk takes minutes.
02macOS caps what the GPU may wire down at about 384.0 GB of 512 GB. Raising it with iogpu.wired_limit_mb is possible, and risky.
03There is room to go to the model's full 128K context on this card.
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