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Meta Platforms‘ (META) AI assistant has nearly 600 million monthly active users just 14 months after the Facebook parent launched the chatbot, Chief Executive Mark Zuckerberg said Friday. Meta stock gained in Friday trading, which also saw a federal court uphold a law that could ban Meta rival TikTok. This impressive milestone for the Meta AI Assistant highlights the growing interest in AI-powered tools and signals the strong market position Meta is building. Zuckerberg’s announcement comes on the heels of positive news for Meta stock, driven by factors beyond the Meta AI Assistant, and speaks to a broader trend in the tech industry.
Meta AI Assistant: A Deep Dive into Recent Milestones
Zuckerberg took to the Meta-owned Threads platform to announce the user milestone for the Meta.ai chatbot, along with news the company has launched an update to its Llama 3 large language model. Meta launched the Meta.AI chatbot during its annual Connect conference in September 2023. In April, the company launched a stand-alone website for Meta.ai. Similar to OpenAI’s ChatGPT, the chatbot can generate a range of responses and media based on text prompts from users.
Key Features of the Meta AI Assistant
- Generates a wide range of responses
- Handles various media types
- Powered by text prompts
Llama 3 and Future Updates
Zuckerberg added that Llama 4, a more significant update to its AI models, is coming next year. This suggests a strong commitment to continual improvement and innovation in the AI space. This is exciting news for users and for the future of AI development.
Stock Market Reaction to Meta AI and TikTok News
On the stock market today, Meta stock rose more than 2% in late afternoon trades. The stock notched a record high for a fourth straight trading day. The stock is likely also being moved by news that a federal appeals court upheld a law that could lead to TikTok being banned next month, if its parent company ByteDance does not sell the short-video platform. This provides another element to the mix, suggesting the news is impacting multiple areas in the market.
Meta’s Stock Performance: A Summary
- Broke out from a flat base chart pattern with a 3.5% gain Tuesday
- Remaining in a 5% buy zone
- Gained 76% year-to-date
- Impressive 98 out of 99 IBD Composite Rating
Meta’s Long-Term Goals and a Comparison to ChatGPT
Zuckerberg’s ambitious goal is for Meta to build “the most intelligent AI assistant that you can freely use,” as he mentioned prior to the announcement of approaching 600 million monthly active users. However, ChatGPT still appears to have more overall users, with OpenAI Chief Executive Sam Altman stating that ChatGPT has 300 million weekly active users. The continued development and expansion of AI tools and assistants will be a fascinating trend to follow in the months to come. This competitive landscape is a sign of the huge potential and growing importance of AI-powered tools in our daily lives.
I’m personally impressed by Meta’s rapid progress in the AI space, despite the competition. It demonstrates their commitment to pushing the boundaries of what’s possible with AI assistance. What are your thoughts on the Meta AI Assistant? Leave a comment below!
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