Meta Postpones Deployment of colossal AI Model, According to Media Reports
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Meta, the parent company of Facebook, is holding off the release of its colossal AI model, "Behemoth." Originally slated for an April launch during its AI developers' event, LlamaCon, the rollout has been postponed due to apprehensions about the model's advancements compared to its earlier versions[1]. No official timeline for the launch has been publicized yet.
This delay has sparked disappointment within the Llama 4 development team and some senior executives. In response, changes in management may be on the horizon for Meta's AI product group[1].
Meta's silence on the matter is deafening, with no immediate response to our request for comment[2].
Last month, Meta shared plans to increase its capital expenditures to a whopping $64 billion to $72 billion in 2023 to bolster its AI capacity[3]. This move is a testament to the company's commitment to grow in the realm of AI.
Unfortunately, the delay in the "Behemoth" AI model has taken a toll on Meta's stocks, with a ~2% slide on the day the news broke[3]. However, the shares have still managed to climb by around 10% since the start of this year.
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References:1. Meta Delays AI Model Launch over Concerns about Improvements2. Meta Did Not Respond to Our Request for Comment3. Meta to Boost Capital Expenditures to $64 Billion to $72 Billion4. Meta Reprioritizing Focus towards Generative AI5. Wealthfront's Automated Investing Account
Amidst the delay of Meta's AI model, "Behemoth," there is a growing interest in applying AI technology to other sectors, such as crypto. This could potentially lead to the creation of unique token offerings, utilizing Initial Coin Offerings (ICO), inspired by AI advancements and integrated with Artificial Intelligence.
In light of this shift in focus towards generative AI, Meta's decision to bolster its AI capacity with increased capital expenditures could position the company to play a significant role in the fusion of AI and crypto-tokens, driving technological innovation and investment opportunities in the future.
