15 AI News Updates Investors Should Not Miss

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

Number of Hedge Fund Holders: 235

Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. The company has become one of the most important AI enablers across the globe through the development of Llama, a family of autoregressive large language models (LLMs) released by Meta AI starting in February 2023. Llama is built on an open-source model and other companies are now starting to come up with competitors. Samsung recently launched Gauss-2 to rival Llama. The development is important as Samsung plans to launch AI-powered XR smart glasses in 2025, competing with Ray-Ban Meta glasses.

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