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By open-sourcing Meta Platforms' AI model, he has lowered the cost of AI dramatically.
Meta Platforms (META 0.68%) isn't playing fair in artificial intelligence. The company doesn't have to make money on its AI models, so it's giving them away for free. In this video, Travis Hoium covers why this is so disruptive to the industry.
*Stock prices used were the end-of-day prices of July 20, 2023. The video was published on July 21, 2023.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon.com, Meta Platforms, Microsoft, and Qualcomm. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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