Meta Platforms Goes To AI War: Launches New AI Coding Software To Compete With OpenAI
Portfolio Pulse from Anusuya Lahiri
Meta Platforms Inc (NASDAQ:META) has launched Code Llama, an open-source AI coding software, to compete with Microsoft Corp (NASDAQ:MSFT)-backed OpenAI and Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google. Code Llama is proficient in developing and elucidating code in plain English and is comparable to tools like GitHub Copilot and Amazon.com, Inc. (NASDAQ:AMZN) CodeWhisperer. Despite the potential risks of generative AI, Meta believes that AI models thrive with an open approach.
August 24, 2023 | 4:06 pm
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NEGATIVE IMPACT
Meta Platforms' launch of Code Llama could intensify competition with Amazon's CodeWhisperer.
The launch of Code Llama could intensify competition with Amazon's CodeWhisperer, which could negatively impact Amazon's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Meta Platforms' launch of Code Llama could intensify competition with Google.
The launch of Code Llama could intensify competition with Google, which could negatively impact Google's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Meta Platforms' launch of Code Llama could intensify competition with Google.
The launch of Code Llama could intensify competition with Google, which could negatively impact Google's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Meta Platforms' launch of Code Llama could intensify competition with Microsoft-backed OpenAI.
The launch of Code Llama could intensify competition with Microsoft-backed OpenAI, which could negatively impact Microsoft's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Meta Platforms has launched Code Llama, an AI coding software, to compete in the AI market. This could potentially increase Meta's market share in the AI industry.
The launch of Code Llama could potentially increase Meta's market share in the AI industry, which could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100