Meta's stock is rising as investors respond positively to the company's increased investment in artificial intelligence. CEO Mark Zuckerberg is prioritising AI, with Meta planning significant capital expenditure on AI infrastructure, including a new data centre in Manhattan with 1.3 million GPUs and 1GW of computing power. Meta's AI chatbot, already used by one billion people across Facebook, Instagram and WhatsApp, is powered by the Llama large language model, with Llama models set to be launched publicly by mid-2025.
Meta is investing heavily to expand its AI capabilities, aiming to compete with industry leaders like OpenAI and Google. The company's AI-driven strategy focuses on transforming its platforms into AI hubs, enhancing user experiences and creating new revenue streams. Meta's commitment to open-source AI development through Llama models aims to drive broader adoption of its technology, allowing developers to experiment and innovate.
Recent reports indicate Meta is in discussions to invest billions in Scale AI, potentially exceeding $10 billion, to further bolster its AI capabilities. This move aligns with Meta's broader strategy to strengthen its position in the global technology sector and expand its AI offerings.
