Meta Platforms, Inc. (META) Unveils Llama 3.2 AI Models at Meta Connect 2024, Citi Raises Price Target to $645 [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
The latest developments in the AI industry from a business perspective highlight a growing momentum, driven by significant investments, innovative product launches, and both regulatory and market challenges. One notable development is the rise of Safe Superintelligence, a company founded by previous OpenAI bigwig Ilya Sutskever, which recently secured $1 billion in funding to advance AI systems with a focus on safety. This significant capital raise from major venture capital firms like Andreessen Horowitz and Sequoia Capital underscores the growing concerns around AI safety, as companies work to ensure that AI technologies are both powerful and aligned with human values. Similarly, the market selloff of Wall Street's favorite GPU maker following a stellar earnings report, resulting in a market value loss of close to $280 billion, reflects investor anxieties over the sustainability of AI growth, compounded by concerns over regulatory scrutiny. Another major business development that
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META
Earnings
- 7/31/24 - Beat
META
Sec Filings
- 9/27/24 - Form 144
- 9/26/24 - Form 4
- 9/25/24 - Form 4
- META's page on the SEC website