Meta Opens New AI Software for Commercial Use, a Bold Move Set to Rival Google and Microsoft
Portfolio Pulse from Anusuya Lahiri
Meta Platforms, Inc. is developing a new AI software for commercial use, potentially rivaling Google and Microsoft. The open-source large-language model could power chatbots like ChatGPT and attract AI developers seeking alternatives to proprietary software.
June 16, 2023 | 12:40 pm
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POSITIVE IMPACT
Meta Platforms is developing a new AI software for commercial use, potentially attracting AI developers and businesses seeking alternatives to proprietary software.
Meta's new AI software could attract AI developers and businesses looking for alternatives to proprietary software from Google and Microsoft. This could lead to increased adoption and revenue for Meta, positively impacting its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Meta's new AI software could pose a threat to Google's proprietary AI software, potentially leading to increased competition.
Meta's new AI software could attract developers and businesses away from Google's proprietary AI software, leading to increased competition and potentially negatively impacting Google's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Meta's new AI software could pose a threat to Microsoft's proprietary AI software, potentially leading to increased competition.
Meta's new AI software could attract developers and businesses away from Microsoft's proprietary AI software, leading to increased competition and potentially negatively impacting Microsoft's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50