Mark Zuckerberg Says Meta's $405B Model Llama 3.1 Has Better Cost Performance Than OpenAI's ChatGPT: This Is An 'Inflection Point In The Industry'
Portfolio Pulse from Ananya Gairola
Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg announced that the company's Llama 3.1 model has better cost performance than OpenAI's ChatGPT. He emphasized the benefits of open-source AI, predicting it will become the industry standard. Meta reported strong Q2 earnings, with revenue and adjusted earnings surpassing analyst expectations. Meta shares surged by 7.17% in after-hours trading.
August 01, 2024 | 2:03 am
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Meta's Llama 3.1 model is claimed to have better cost performance than OpenAI's ChatGPT. The company reported strong Q2 earnings, with revenue and adjusted earnings surpassing analyst expectations. Meta shares surged by 7.17% in after-hours trading.
Meta's announcement of Llama 3.1's superior cost performance and the company's strong Q2 earnings report are likely to boost investor confidence. The significant after-hours share price increase indicates positive market reception.
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