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Meta Platforms (NASDAQ:META) Plans New Large Language Model for AI Applications
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Meta Platforms (NASDAQ:META) Plans New Large Language Model for AI Applications

Story Highlights

Meta looks to avoid some of the problems Google had with AI and looks to add to its hardware presence.

It would be hard not to look at tech giant Google (NASDAQ:GOOG) (NASDAQ:GOOGL) and see the issues it’s been having with artificial intelligence (AI) lately. Social media company Meta Platforms (NASDAQ:META), which has its own AI aspirations, is working to beat those problems accordingly. Investors weren’t exactly pleased, though, and Meta shares slumped fractionally in Wednesday morning’s trading as a result.

While Meta doesn’t plan to repeat Google’s mistakes, including the bizarre move to portray Vikings and 18th-century American Founding Fathers as racially diverse, its plan to avoid that pitfall looks like the start of a completely different pitfall.

Meta Platforms is said to be working on augmenting its Llama 3 large language model to “deal with contentious questions.” Indeed, Llama 3 will actively refuse to answer some questions. For instance, when asked how a worker could get around appearing in the office on a mandatory office workday, the software simply would not provide a response.

Llama 3 Is Set for July

Llama 3 is reportedly set to come out in July, but with this latest change in the works, it’s unclear if Meta will ultimately meet that launch date. It is hoped that the new model will at least be able to offer users some “context” to those “contentious” questions, but it remains to be seen if such an approach will work.

Meanwhile, Meta is looking to augment its presence in hardware by trying to land some new connections with South Korean electronics maker LG. LG’s content and TV business might work well with Meta’s platform, and the two companies have been working aggressively toward figuring out what that connection might look like.

What Is the Fair Value of Meta?

Turning to Wall Street, analysts have a Strong Buy consensus rating on META stock based on 39 Buys, two Holds, and one Sell assigned in the past three months, as indicated by the graphic below. After a 181.18% rally in its share price over the past year, the average META price target of $529.02 per share implies 8.6% upside potential.

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