Meta's Llama AI Models Used by Goldman Sachs, AT&T: Meta (NASDAQ:) announced that its Llama artificial intelligence models are being utilized by top companies like Goldman Sachs and AT&T (NYSE:) for various business functions. The free Llama models have been downloaded nearly 350 million times since their release last year, showing a significant increase in adoption. Cloud providers like Amazon (NASDAQ:) Web Services and Microsoft (NASDAQ:) Azure have also seen a surge in usage of these models.
This news comes amidst Meta and other tech giants investing heavily in AI technology, raising questions from investors about the widespread adoption and potential returns on investment. Meta's CEO Mark Zuckerberg believes that offering state-of-the-art AI models for free gives the company a competitive edge and prevents reliance on closed technologies.
While Llama models have impressed users with their human-like prose generation capabilities, they still face challenges with logical tasks and factual accuracy, limiting their use in business settings. However, Meta highlighted several large enterprises, including Nomura Holdings (NYSE:), DoorDash (NASDAQ:), and Accenture (NYSE:), as examples of companies successfully using Llama models.
In conclusion, the use of Meta's Llama AI models by major corporations showcases the growing importance of AI technology in business operations. Investors should consider the impact of AI adoption on companies' efficiency, competitiveness, and overall performance in the market. By staying informed about these advancements, individuals can make more informed decisions about their investments and financial strategies.