Large Language Models (LLMs) represent a class of deep learning models adept at understanding natural language and generating coherent responses to various prompts or queries. These models far exceed the complexity of conventional neural networks, often encompassing dozens of neural network layers and containing billions to trillions of parameters. They are typically trained on vast datasets, utilizing architectures based on transformer blocks. Present-day LLMs are multi-functional, capable of performing a range of tasks from text generation and language translation to question answering, as well as code generation and analysis. An advanced subset of these models, known as Multimodal Large Language Models (MLLMs), extends LLM capabilities to process and interpret multiple data modalities, including images, audio, and video. This enhancement empowers MLLMs with capabilities like video editing, image comprehension, and captioning for visual content. This survey provides a comprehensive overview of the recent advancements in LLMs. We begin by tracing the evolution of LLMs and subsequently delve into the advent and nuances of MLLMs. We analyze emerging state-of-the-art MLLMs, exploring their technical features, strengths, and limitations. Additionally, we present a comparative analysis of these models and discuss their challenges, potential limitations, and prospects for future development.