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by syntaxing
781 days ago
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Not a ML expert but I think “can’t” is a strong word. There was a podcast with Mark Zuckerberg where I interpret his remarks as, Meta doesn’t want to directly complete with OpenAI, their existing AI services like recommendation already consume a lot of resources. Ads has and will continue to be a cash cow and LLMs has not generated large revenue yet. OpenAI generated about 2B revenue in 2023 (I’m sure it’ll grow significantly in 2024). Meta has made 40B net income in 2023 so you can see financially, there’s no reason to compete (yet). |
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Meta knows where to compete, where to keep a foot in the door, and where to be a bystander.