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== AI Developments == | == AI Developments == | ||
August 22, 2023: Meta releases SeamlessM4T AI model that enables translation between speech and text for up to 100 languages. It also enables speech-to-speech translation for up to 35 languages. The company will make the model available for the public for non-commercial purposes. Meta said the training data for the model came from 4 million hours of "raw audio originating from a publicly available repository of crawled web data." The datasets came from Wikipedia and similar websites<ref>https://finance.yahoo.com/news/meta-releases-ai-model-translating-133311959.html</ref>. | August 22, 2023: Meta releases SeamlessM4T AI model that enables translation between speech and text for up to 100 languages. It also enables speech-to-speech translation for up to 35 languages. The company will make the model available for the public for non-commercial purposes. Meta said the training data for the model came from 4 million hours of "raw audio originating from a publicly available repository of crawled web data." The datasets came from Wikipedia and similar websites<ref>https://finance.yahoo.com/news/meta-releases-ai-model-translating-133311959.html</ref>. Over time, Meta plans to integrate these AI advances into Facebook, Instagram, WhatsApp, Mesenger, and Threads<ref>https://www.investmentwiki.org/w/index.php?title=Meta_Platforms:_Artificial_Intelligence(AI)&action=edit§ion=1</ref>. | ||
August 7, 2023: UBS predicts that Meta will release a new consumer chatbot powered by generative AI in its connect event in September. It told its clients that the chatbot will likely be available in WhatsApp, Facebook and Instagram. UBS projects that chatbot could add more than $20 billion to Meta's revenue. In a call with analysts last week, CEO Mark Zuckerberg promised to provide more details about the Chatbot at its Connect. He pointed out that Meta is currently developing a customer service AI bot along with an internal AI tool aimed at boosting profitability. He also indicated that AI investments is seen driving up operating costs next year<ref>https://finance.yahoo.com/news/ubs-meta-platforms-seen-unveiling-100034715.html</ref>. | August 7, 2023: UBS predicts that Meta will release a new consumer chatbot powered by generative AI in its connect event in September. It told its clients that the chatbot will likely be available in WhatsApp, Facebook and Instagram. UBS projects that chatbot could add more than $20 billion to Meta's revenue. In a call with analysts last week, CEO Mark Zuckerberg promised to provide more details about the Chatbot at its Connect. He pointed out that Meta is currently developing a customer service AI bot along with an internal AI tool aimed at boosting profitability. He also indicated that AI investments is seen driving up operating costs next year<ref>https://finance.yahoo.com/news/ubs-meta-platforms-seen-unveiling-100034715.html</ref>. |