Meta Bets on AI to Fuel Growth Across Platforms
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Meta Platforms has been investing heavily in AI for over a decade and has strong revenue potential from its massive user base.
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Meta is a leader in efficient generative AI models like Llama 2 that outperform competitors on some tasks while using less computing power.
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Meta is applying its generative AI advancements to enhance ads, messaging, and business offerings on Facebook, Instagram, WhatsApp.
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As an open-source leader, Meta can improve its AI via community adoption while also licensing Llama for revenue.
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Compared to competitors, Meta stock trades at a relatively inexpensive forward earnings multiple around 20x for a fast-growing AI business.