‘Zuckerberg aims for AI leadership with Meta’s new innovation – UAE Beacon’

Meta Platforms, the parent company of the popular social media platform Facebook, experienced a significant surge in trading today after unveiling its latest artificial intelligence model. CEO Mark Zuckerberg is driving the company’s focus towards dominating the AI landscape and Meta Platforms, valued at over a trillion dollars, is making strides in that direction.

The newest iteration of Meta’s AI assistant, powered by the cutting-edge Llama 3 language model, is set to revolutionize interactions across Meta’s platforms such as Instagram, Messenger, WhatsApp, and Reels. With the launch of a dedicated website for the AI assistant at Meta.ai, the company is aiming to enhance the accessibility and integration of AI-powered features. According to a press release from Meta, the Meta AI assistant is now sharper, faster, and more engaging than ever.

Following this announcement, Meta’s stock price rose by 1.5%, closing at 1.80 on Thursday. Meta has been heavily investing in AI technology to compete with other major AI models, such as OpenAI’s ChatGPT. Zuckerberg emphasized Meta’s commitment to becoming a global leader in AI technology, with the revamped Meta AI website offering features similar to ChatGPT.

In a move to further expand the reach of Llama 3, Meta has released two models to the public domain for external developers to utilize across major cloud platforms. While Meta does not charge for the use of its AI models, the company expects significant returns from its investments in AI innovation, particularly in terms of user engagement and advertising revenue.

The upcoming first-quarter earnings report on Wednesday, April 24, will provide a closer look at Meta’s financial performance amidst its strategic pivot towards AI-driven technologies. Meta’s stock has shown impressive growth, increasing by 46% year-to-date and an impressive 131% over the past twelve months, indicating strong investor confidence in the company’s direction.