An information technology stock that has incredible potential took a step forward today. Indeed, Meta (META) has signed a new partnership deal that has its stock looking to make up ground in the ongoing AI arms race. The company is set to take on some of the biggest companies in the generative artificial intelligence field.
The Mark Zuckerberg-headed platform announced it will partner with Reuters to integrate the news platform into an AI chatbot. The publication’s news content would be utilized within the AI tool through real-time integration. Moreover, the Meta AI is set to be a premiere offering across its host of social media platforms.
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Meta AI Gets New Partner as It Takes on Google, Microsoft
Over the last year, AI has skyrocketed in popularity. The meteoric rise in usage stemmed from the arrival of OpenAIs ChatGPT. Moreover, it caused increased demand throughout nearly all sectors. That led companies to get in on the action, all vying for a market share of the new tech and how it impacted people.
That pursuit has benefitted some companies more than others. Yet, it has seen nearly everyone try and contend. One stock that may be set to boost from the demand is Meta, which announced a new partnership to push it further amid the ongoing AI arms race.
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The deal with Reuters will see real-time news be integrated into Meta AI. This will help keep the chatbot informed as it serves users across Facebook, Instagram, and WhatsApp. The company is set to integrate the AI throughout its social media platforms. Therefore, increasing usage and benefiting META as a stock.
There have also been reports that Meta is looking to create its very own AI search engine. The move would see it take on the market leader, Alphabet (GOOGL). However, investors do appear intrigued. The news drove GOOGL shares to fall amid interest in what Zuckerberg’s company has in store for the continually emerging market.