Meta is gearing up to challenge OpenAI's dominance in the AI race

Meta, the parent company of Facebook and other platforms, is diving headfirst into the world of artificial intelligence (AI) as it announces significant plans to create a powerful AI chatbot that can compete with OpenAI's impressive models.

Meta's journey into the AI arena gained momentum earlier this year when the company unveiled its AI-powered advertising tool for generating content, known as the AI Sandbox. Then came its AI model Llama 2, with 65 billion parameters. representing a smaller, foundational model suitable for AI research and testing novel approaches.