Meta Platforms Pushes New AI Model: What's Going On?
Portfolio Pulse from Adam Eckert
Meta Platforms Inc has announced the release of a new multimodal AI model, SeamlessM4T, aimed at improving communication across different languages. The AI capabilities will be integrated into Facebook, Instagram, WhatsApp, Messenger, and Threads over time. Despite this announcement, Meta's shares were down 12% at the time of writing.
August 22, 2023 | 2:57 pm
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Despite the announcement of a new AI model, Meta's shares have fallen by 12%.
The announcement of a new AI model is a positive development for Meta as it shows the company's commitment to innovation and improving its services. However, the stock market has reacted negatively to this news, with Meta's shares falling by 12%. This could be due to a variety of factors, including market volatility and investor sentiment.
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