10 AI News You Shouldn’t Miss

2. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Holders: 219

Meta Platforms, Inc. (NASDAQ:META) is a social technology company that builds applications and technologies to help people connect, find communities, as well as grow businesses. The company is a key Artificial Intelligence player, focusing on advancing AI and developing related tools. Meta AI, the company’s virtual assistant, has more than 500 million active users only a year after its launch.

On November 4, Meta Platforms, Inc. (NASDAQ:META) revealed that it is making Llama, a family of autoregressive large language models released by Meta, available to U.S. government agencies. This includes those that are working on defense and national security applications, and private sector partners supporting their work. They stated that they are partnering with companies including Accenture Federal Services, Amazon Web Services, Anduril, Booz Allen, Databricks, Deloitte, IBM, Leidos, Lockheed Martin, Microsoft, Oracle, Palantir, Scale AI, and Snowflake to bring Llama to government agencies.  According to Meta, these responsible and ethical uses of open source models such as Llama will support the prosperity and security of the US, as well as help establish U.S. open source standards in the global race for AI leadership.

“This quarter, we released Llama 3.2, including the leading small models that run on-device and open source multi-modal models. We’re working with enterprises to make it easier to use, and now we’re also working with the public sector to adopt Llama across the US government.”

-Mark Zuckerberg in Meta’s Q3 earnings report.