Meta's New AI System to Empower Companies with Advanced Text Generation and Analysis Capabilities

Meta Platforms (META.O) is reportedly developing a powerful AI system, aiming to rival OpenAI's advanced models, per @WSJ sources. Expected in 2024, this AI, even more potent than Llama 2, will empower companies with advanced text generation and analysis capabilities. 

Llama 2, an open-source language model by Meta, launched in July via Microsoft's Azure services, competes with OpenAI's ChatGPT and Google's Bard. Meta's upcoming system will raise the bar significantly in AI capabilities.

This development will enable businesses to harness cutting-edge AI for enhanced text generation and analysis, potentially transforming various industries. Stay tuned as details continue to emerge. 

Meta plans to kickstart training for this large language model in early 2024, signaling their commitment to AI advancement. 

Meta has yet to respond to Reuters' request for comment, but the AI race among tech giants is heating up! 

Notably, Apple (AAPL.O) is also reportedly working on AI offerings similar to ChatGPT and Bard, unveiling their 'Ajax' framework and testing their chatbot, informally known as 'Apple GPT.' Exciting times in the AI landscape!