15 AI News That Broke The Internet This Week

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

Market Capitalization: $1.5 Trillion

Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. Tech website The Verge recently reported that Meta Platforms is one of the top customers of Azure OpenAI offerings, having spent more than $1 million on the AI services in the month of September alone. Other top customers include software firm Adobe, among others. Per the report, Meta is using Microsoft’s provisioned output for access to OpenAI models, which allows for dedicated model processing capacity instead of token-based offerings for text and image generation.

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