Mark Zuckerberg Opens Up Meta's LLaMA 2 To Developers, Taking On ChatGPT And Google's Bard
Portfolio Pulse from Benzinga Neuro
Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg announced plans to open-source the company’s latest AI technology, LLaMA 2, to developers and software enthusiasts for free. This move could help Meta compete with rivals like Google (NASDAQ:GOOGL) and ChatGPT. Meta and Microsoft (NASDAQ:MSFT) have partnered to make LLaMA 2 open-source, allowing it to operate on Microsoft’s Azure cloud services.
July 19, 2023 | 4:08 am
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POSITIVE IMPACT
Meta's decision to open-source its AI technology could potentially increase its competitiveness against rivals like Google and ChatGPT.
By open-sourcing its AI technology, Meta is making a strategic move to increase its competitiveness in the AI market. This could potentially attract more developers and businesses to use its technology, thereby increasing its market share and potentially its stock value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft's partnership with Meta to make LLaMA 2 open-source could potentially increase the usage of its Azure cloud services.
Microsoft's partnership with Meta to make LLaMA 2 open-source could potentially increase the usage of its Azure cloud services, as developers and businesses using the AI technology would need a platform to operate it on. This could potentially increase Microsoft's revenues and its stock value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Google could face increased competition from Meta's open-source AI technology.
As Meta's AI technology becomes open-source, it could potentially attract developers and businesses that would otherwise use Google's proprietary software. This could lead to increased competition for Google in the AI market, which could potentially impact its stock value negatively.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60