Meta Platforms Jumps Into AI

By
Bill McColl
Bill McColl
Full Bio

Bill McColl has 25+ years of experience as a senior producer and writer for TV, radio, and digital media leading teams of anchors, reporters, and editors in creating news broadcasts, covering some of the most notable news stories of the time.

Learn about our editorial policies
Published February 24, 2023
Picture of Meta logo on a building, man walks in front of it looking at a phone.

Getty Images / Justin Sullivan

Key Takeaways

  • Meta Platforms (META), the parent company of Facebook, Instagram, and WhatsApp, announced that it is releasing an artificial intelligence (AI) model.
  • Meta's technology, which it calls LLaMA, is designed to help researchers and scientists explore new applications for AI.
  • Other tech giants, including Microsoft (MSFT) and Alphabet (GOOGL), have recently announced their own AI initiatives.

Meta Platforms (META) is joining the push into artificial intelligence (AI).

CEO Mark Zuckerberg announced that the parent of Facebook, Instagram, and WhatsApp is releasing a large language AI model it calls LLaMA, (for Large Language Meta AI) designed for use by researchers. The aim is to aid scientists and engineers explore applications for the technology.

Zuckerberg noted that large language AI models "have shown a lot of promise in generating text, having conversations, summarizing written material and more complicated tasks like solving math theorems or predicting protein structures." He explained that LLaMA will help advance that work.

Earlier this month, Zuckerberg indicated that developing AI would be a priority for the company this year.

Soaring Demand

Meta joins rival tech giants Microsoft (MSFT) and Alphabet's (GOOGL), which also recently announced new AI projects of their own. Nvidia (NVDA), which makes chips for AI, recently recently said that demand from businesses for those products is soaring. Nvidia CEO Jensen Huang said that activity around AI services has "gone through the roof."

Table showing forecast business value by artificial intelligence (AI) type in 2017-2029

Gartner
Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

  1. Facebook. "Post by Mark Zuckerberg on Feb. 24, 2023."

Take the Next Step to Invest
×
The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.
Service
Name
Description