Published - September 11th, 2023 @ 3:30 PM (GMT+2)
‍
‍

Meta Platforms (NASDAQ:META) , formerly known as Facebook, is intensifying its efforts in the AI sector by developing a new artificial intelligence model. This move aims to rival OpenAI's latest and most advanced language model, GPT-4. The development underscores the escalating competition in the AI industry, particularly among Big Tech companies.

Meta's AI Ambitions:
‍

According to reports from the Wall Street Journal and Business Insider, Meta is working on an AI model designed to be as powerful as GPT-4. This new model is expected to significantly upgrade over Meta's recently released Llama 2 AI model. The company aims to release this new AI model sometime next year.

The new AI model is primarily targeted at businesses and aims to assist in generating text and analysis. This aligns with the functionalities offered by ChatGPT Enterprise, the business tier of OpenAI's highly successful chatbot.

Open-Source Strategy:
‍

Mark Zuckerberg, Meta's CEO, is pushing for the new AI model to be open-source, similar to other Meta AI offerings. This would allow businesses to freely access and modify the AI, although with specific terms of service.

Legal Concerns:
‍

While the open-source model offers flexibility, it raises concerns about potential misuse, such as spreading misinformation or copyright infringement. Meta's legal team is reportedly cautious about these issues.

Catching Up in the AI Race:

Meta is rapidly investing in AI research and development to catch up with competitors like OpenAI and Microsoft. Internal memos have revealed that the company had a "significant gap" in AI research and investment as of last year.

Hardware Investments:
‍

Meta has been aggressively purchasing H100 chips to train its large language models and is expected to rank second globally in the number of H100s next year.
Meta's new AI model represents a significant step in the company's AI strategy, as it seeks to compete with industry leaders like OpenAI.
With its focus on business applications and an open-source approach, Meta aims to impact the rapidly evolving AI landscape significantly.
‍
‍

‍
The information on mexem.com is for general informational purposes only. It should not be regarded as investment advice. Investing in stocks involves risk. A stock's past performance is not a reliable indicator of its future performance. Always consult a financial advisor or trusted sources before making any investment decisions.
‍
‍

‍