🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Elon Musk To Launch ChatGPT Competitor, Meta to Follow Suit

Published 28/02/2023, 13:37
Elon Musk To Launch ChatGPT Competitor, Meta to Follow Suit

  • Elon Musk is reportedly hiring a new team of AI researchers.
  • The primary focus is said to be the launch of a ChatGPT competitor.
  • Zuckerberg recently announced the plans of Meta to create a new top-level product focusing on generative AI.

The popularity of ChatGPT is being leveraged by some of the largest industry giants. According to the latest reports, none other than Tesla CEO Elon Musk is hopping on the bandwagon to develop a ChatGPT competitor.

The reports reveal that Musk is reportedly forming a new AI research lab. This new AI research lab will be led by a former Alphabet (NASDAQ:GOOGL) DeepMind AI researcher, Igor Babuschkin. The primary focus of the new lab will be to develop an alternative to ChatGPT.

In other AI news, Mark Zuckerberg, the founder of Meta, recently posted on his Facebook (NASDAQ:META) account to share details of his new AI plans.

Zuckerberg said:

We’re creating a new top-level product group at Meta focused on generative AI to turbocharge our work in this area.

Zuckerberg mentioned in his post that Meta is pooling team members from various departments across the firm working on generative AI to focus on building delightful experiences with artificial intelligence.

Meta’s founder also mentioned that the vision for the long term is to focus on developing AI personas that can aid users in multiple ways. He also stated that they are exploring experiences with text in WhatsApp and Messenger, along with creative filters for images and videos.

ChatGPT has emerged as one of the fastest-growing consumer apps in history. The popularity of the AI bot has caught the attention of global consumers. To cash in on the popularity, several firms are trying to launch competitions for ChatGPT. The ability to provide answers to almost anything has definitely attracted users to it.

The post Elon Musk To Launch ChatGPT Competitor, Meta to Follow Suit appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.