FILE PHOTO: The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. The Facebook (NASDAQ: ) parent is aiming for its new AI model to be ready next year, the Journal said, adding it will be several times more powerful than its commercial version dubbed Llama 2. Llama 2 is Meta's open source AI language model launched in July, and distributed by Microsoft (NASDAQ: )'s cloud Azure services to compete with OpenAI's ChatGPT and Google (NASDAQ: )'s Bard. Meta expects to start training the new AI system, known as a large language model, in early 2024, the report added. Businesses and enterprises have flocked to the nascent generative AI market for newer capabilities and refining business processes since the launch of OpenAI's ChatGPT late last year.

Source: Wall Street Journal September 10, 2023 22:37 UTC