, the company introduced researchers to LLaMA, a large language model similar to the GPT-4 model underlying OpenAI's generative AI chatbot. about how much the company is spending on the technology. Meta has been purchasing a lot of Nvidia chips for training new generative AI models. The chips can cost around $10,000 each.
The battle for AI dominance has sparked concerns among regulators, who are worried about the risks the technology poses. President Joe Biden"dropped by" the meeting to tell the CEOs in attendance that they had a"fundamental responsibility to make sure their products are safe and secure before they are deployed or made public." Sign up for notifications from Insider! Stay up to date with what you want to know.