Meta Platforms: Difference between revisions

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== Product & Usage ==
== Product & Usage ==
On February 27 2022, Meta CEO Mark Zuckerberg announced that the company will create a new product group focused in generative AI. The group will be under the current Chief Product Officer Chris Cox. They will develop “creative and expressive” tools that will be used by Meta's products. He said, “We’re exploring experiences with text (like chat in WhatsApp and Messenger), with images (like creative Instagram filters and ad formats), and with video and multi-modal experiences.”<ref>https://www.cnbc.com/2023/02/27/mark-zuckerberg-announces-new-team-at-meta-working-on-ai-products.html</ref>
On February 27 2022, Meta CEO Mark Zuckerberg announced that the company will create a new product group focused in generative AI. The group will be under the current Chief Product Officer Chris Cox. They will develop “creative and expressive” tools that will be used by Meta's products. He said, “We’re exploring experiences with text (like chat in WhatsApp and Messenger), with images (like creative Instagram filters and ad formats), and with video and multi-modal experiences.”<ref>https://www.cnbc.com/2023/02/27/mark-zuckerberg-announces-new-team-at-meta-working-on-ai-products.html</ref>
On February 24 2022, Mark Zuckerberg announced that Meta is launching its own AI model called Llama ( "Large Language Model Meta AI). Llama is intended to assist engineers and scientists with exploration of applications for AI such as summarizing documents and answering questions. Unlike Chat-GPT 3 which  has 175 billion parameters, Llama has 7 billion to 65 billion parameters, hence it  is likely to be less costly to operate. Also, unlike Google's LaMDA and OpenAI’s ChatGPT models which aren't public, Llama's model will be made open to the research public.<ref>https://www.cnbc.com/2023/02/24/mark-zuckerberg-announces-meta-llama-large-language-model.html</ref>
On February 24 2022, Mark Zuckerberg announced that Meta is launching its own AI model called Llama ( "Large Language Model Meta AI). Llama is intended to assist engineers and scientists with exploration of applications for AI such as summarizing documents and answering questions. Unlike Chat-GPT 3 which  has 175 billion parameters, Llama has 7 billion to 65 billion parameters, hence it  is likely to be less costly to operate. Also, unlike Google's LaMDA and OpenAI’s ChatGPT models which aren't public, Llama's model will be made open to the research public.<ref>https://www.cnbc.com/2023/02/24/mark-zuckerberg-announces-meta-llama-large-language-model.html</ref>


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On 20. February 2023 Meta announced that it started testing a new "verification" subscription service in Australia and New Zealand starting for $11.99 offering verifications, wider reach and custom help with accounts as well as some exclusive new unannounced features. <ref>https://about.fb.com/news/2023/02/testing-meta-verified-to-help-creators/</ref> Early results on a similar Twitter offering indicate lackluster adopt with just 180,000 U.S. Users or 0.2% of it's MAU opting to pay for the feature. <ref>https://www.engadget.com/twitter-180000-paying-subscribers-us-mid-january-075214783.html?guccounter=1</ref>
On 20. February 2023 Meta announced that it started testing a new "verification" subscription service in Australia and New Zealand starting for $11.99 offering verifications, wider reach and custom help with accounts as well as some exclusive new unannounced features. <ref>https://about.fb.com/news/2023/02/testing-meta-verified-to-help-creators/</ref> Early results on a similar Twitter offering indicate lackluster adopt with just 180,000 U.S. Users or 0.2% of it's MAU opting to pay for the feature. <ref>https://www.engadget.com/twitter-180000-paying-subscribers-us-mid-january-075214783.html?guccounter=1</ref>


==Management & Culture==
==Management & Culture==