Meta Platforms, Inc. META CEO Mark Zuckerberg on Wednesday mentioned that his firm’s $405 billion mannequin, Llama 3.1, has “higher value efficiency” in comparison with main closed fashions, presumably referring to OpenAI’s ChatGPT.
What Occurred: Throughout Meta’s second-quarter earnings name, Zuckerberg acknowledged, “I feel we’re going to look again at Llama 3.1 as an inflection level within the trade the place open-source AI began to turn out to be the trade commonplace, identical to Linux is.”
He went on to elucidate his bullish stance on open supply, stating it allows quicker innovation, creates shared prosperity, and is safer. “My view is that Open Supply will probably be safer, will allow innovation that improves all of our lives quicker, and we’ll additionally create extra shared prosperity.”
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Zuckerberg additionally highlighted Meta’s profitable observe report with open supply, citing billions of {dollars} saved via the open compute venture and actual advantages derived from open-sourcing instruments like PyTorch and React.
The Meta CEO additionally revealed that work has already begun on Llama 4, which is anticipated to be probably the most superior mannequin within the trade subsequent 12 months.
“The quantity of compute wanted to coach Llama 4 will probably be virtually 10 instances greater than what we used to coach Llama 3, and future fashions will proceed to develop past that,” he acknowledged.
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Why It Issues: Earlier this month, throughout a hearth chat at SIGGRAPH 2024, Zuckerberg expressed his frustration with closed platforms.
He mentioned, “There have simply been too many issues I’ve tried to construct and advised ‘nah, you’ll be able to’t actually construct that’ by the platform supplier, that at some stage I am identical to, ‘Nah, f*** that.’”
His stance on open-source AI fashions was supported by Tesla CEO and xAI founder Elon Musk, who publicly expressed his settlement with Zuckerberg’s views.
Beforehand, Zuckerberg additionally acknowledged the contributions of Sam Altman to OpenAI’s improvement however identified the irony in his firm main closed AI fashions whereas having the phrase “open” in its title.
In the meantime, on Wednesday, Meta reported second-quarter income of $39.07 billion, surpassing analyst predictions of $38.31 billion. The corporate additionally reported adjusted earnings of $5.16 per share for the second quarter, exceeding the estimated $4.73 per share.
Value Motion: Meta shares surged by 7.17% in after-hours buying and selling, reaching $508.87 on the time of writing. The common session on Wednesday concluded with a 2.51% enhance, closing at $474.83, in keeping with Benzinga Professional.
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