Meta's Audacious Plan to Catch Up to Google and Microsoft in Generative AI
Meta Platforms (NASDAQ: META) wants to give developers a new way to build generative artificial intelligence (AI) applications.
The social media company announced LLaMA 2 at Microsoft's (NASDAQ: MSFT) recent Inspire event. It's partnering with the IT giant's cloud computing service Azure to offer developers access to the open-source large language model, or LLM, which can serve as the backbone for new generative AI applications. Amazon's (NASDAQ: AMZN) users of Amazon Web Services can also use LLaMA 2 on Windows servers.
Meta isn't charging a licensing fee for its LLM. Instead, it expects to use the innovations developed by businesses using its technology to improve its own generative AI services and catch up with OpenAI and Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google.
Source Fool.com
Meta Platforms Inc. Stock
We see a rather positive sentiment for Meta Platforms Inc. with 9 Buy predictions and 2 Sell predictions.
As a result the target price of 500 € shows a slightly positive potential of 16.17% compared to the current price of 430.4 € for Meta Platforms Inc..