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PM Modi Discusses Role of Technology in Agriculture, Education, and Health with Bill Gates
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Team Eela
In a bid to remain at the forefront of artificial intelligence (AI) technology, Meta Platforms, Inc., the parent company of Facebook, is reportedly developing a new AI system designed to rival OpenAI’s most advanced models. According to sources familiar with the matter, this move underscores Meta’s commitment to staying competitive in the rapidly evolving AI landscape.
The forthcoming AI model from Meta is slated to be ready for deployment by next year, marking a significant advancement from its existing AI offering known as Llama 2. Llama 2, an open-source AI language model launched in July, is currently distributed through Microsoft’s Azure cloud services. It was created to compete with industry giants like OpenAI, known for ChatGPT, and Google with its Bard model.
While details about Meta’s new AI system are subject to potential changes, the platform aims to empower other companies to develop services capable of generating sophisticated text, conducting complex analyses, and producing other advanced outputs.
The technology major is expected to begin training this cutting-edge AI system, classified as a large language model, in early 2024. This move reflects the growing demand from businesses and enterprises for enhanced generative AI capabilities since the introduction of OpenAI’s ChatGPT last year. Companies across industries increasingly harness AI to refine their business processes and unlock new abilities.
Notably, Meta’s AI initiatives align with broader industry trends, with reports suggesting that Apple is also working on similar AI offerings, including a chatbot referred to as ‘Apple GPT,’ as it explores the potential of large language models for its future products and services.
Meta’s recent release of the SeamlessM4T AI model, capable of translating and transcribing speech across numerous languages, further demonstrates its commitment to advancing AI technology. This innovation has the potential to facilitate real-time communication across language barriers and underscores the tech giant’s dedication to staying at the forefront of AI-driven solutions.
As the race to develop powerful AI models continues, Meta’s strategic efforts in this domain highlight the importance of AI in shaping the future of technology and communication.
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