Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Dec 05, 2023

Meta, IBM Create Industrywide AI Alliance To Share Technology

Meta, IBM Create Industrywide AI Alliance To Share Technology
The Meta logo on a smartphone in the Brooklyn borough of New York, US, on Tuesday, July 26, 2022. Meta Platforms Inc. is scheduled to release earnings figures on July 27. Photographer: Gabby Jones/Bloomberg
STOCKS IN THIS STORY
Goenka Business & Finance Ltd.
--
Cosco (India) Ltd.
--
Nifty Top 20 Equal Weight
--
Pritika Auto Industries Ltd
--
Space Incubatrics Technologies Ltd.
--
Shanghai
--

Meta Platforms Inc. and International Business Machines Corp. are joining more than 40 companies and organizations to create an industry group dedicated to open source artificial intelligence work, aiming to share technology and reduce risks. 

The coalition, called the AI Alliance, will focus on the responsible development of AI technology, including safety and security tools, according to a statement Tuesday. The group also will look to increase the number of open source AI models — rather than the proprietary systems favored by some companies — develop new hardware and team up with academic researchers.

Read More: Meta Says There's Been No Downside to Sharing AI Technology

Proponents of open source AI technology, which is made public by developers for others to use, see the approach as a more efficient way to cultivate the highly complex systems. Over the past few months, Meta has been releasing open source versions of its large language models, which are the foundation of AI chatbots.

“We believe it's better when AI is developed openly — more people can access the benefits, build innovative products and work on safety,” Nick Clegg, Meta's president of global affairs, said in the statement.

The group will eventually establish a governing board and technical oversight committee. Participants include Oracle Corp., Advanced Micro Devices Inc., Intel Corp. and Stability AI, as well as academic and research organizations like the University of Notre Dame and the Mass Open Cloud Alliance.

Read More: OpenAI to Add Microsoft as Board Observer Following Tumult

The recent chaos at ChatGPT-creator OpenAI, which fired and rehired its well-known chief executive officer, has intensified a global debate about how transparent companies should be in developing powerful AI technology. OpenAI wasn't listed as an AI Alliance participant.

More stories like this are available on bloomberg.com

©2023 Bloomberg L.P.

Comprehensive Budget 2026 coverage, LIVE TV analysis, Stock Market and Industry reactions, Income Tax changes and Latest News on NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search