Proactive Investors - Meta (NASDAQ:META) Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) shares dropped more than 2% in premarket trading on Wednesday after it announced its latest AI model, an open-source offering aimed at outperforming ChatGPT and other rivals.
Llama 3.1, Meta’s largest AI model yet, will be available for free and is set to take on the likes of OpenAI and Anthropic.
It will be made available in an additional number of countries and languages and will contain a new feature in which it can create images based on someone’s specific likeness.
Mark Zuckerberg, chief executive at Meta, claimed the group’s AI product will be the most used assistant by the end of 2024.
“I believe the Llama 3.1 release will be an inflection point in the industry where most developers begin to primarily use open source, and I expect that approach to only grow from here,” he added in a company statement.
Meta’s move has also helped it grow its relationship with Nvidia (NASDAQ:NVDA), with the AI chipmaker providing the tech giant with GPUs to train its Llama models.
In addition to Nvidia, Meta has partnered with several other tech giants, including Amazon (NASDAQ:AMZN) Web Services, Google (NASDAQ:GOOGL) Cloud, Microsoft (NASDAQ:MSFT) Azure, Databricks, and Dell.
These collaborations will enable cloud computing services and provide security and management tools tailored for Llama 3.1.