Meta Is Working On A New Artificial-Intelligence System Intended To Be As Powerful As The Most Advanced Model Offered By ChatGPT Parent OpenAI
Portfolio Pulse from Charles Gross
Meta Platforms Inc. is developing a new artificial intelligence (AI) system that aims to be as powerful as the most advanced model offered by OpenAI, according to the Wall Street Journal. This move is seen as part of the escalating technology race among major tech companies.
September 10, 2023 | 9:04 pm
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POSITIVE IMPACT
Meta's development of a new AI system could potentially enhance its product offerings and competitive position in the tech industry.
The development of a new AI system could potentially enhance Meta's product offerings and competitive position. This could attract more users and advertisers to its platforms, potentially driving revenue growth and positively impacting its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Microsoft, as a major player in the tech industry, could face increased competition from Meta's new AI system.
As a major player in the tech industry, Microsoft could face increased competition from Meta's new AI system. This could potentially impact Microsoft's market share and revenues, and negatively affect its stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50