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Core News Facts
Meta Platforms is launching a proprietary, for-profit AI model code-named Avocado, scheduled for debut in spring 2024. This initiative, reported by Bloomberg before market open on a recent Wednesday, represents a shift from Meta’s previous approach of open-source AI.
As part of the development process, Meta is utilizing third-party AI models, including Alibaba’s Qwen, Google’s Gemma, and OpenAI’s gpt-oss. Following the news, Alibaba Group’s stock (NYSE: BABA) rose nearly 2%, outperforming the S&P 500 index’s 0.7% gain.
Neither Meta nor Alibaba has publicly commented on the reports regarding the Avocado project.
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