Meta's 'Code Llama' Takes On OpenAI and Google in AI Coding

Meta Platforms Inc META is gearing up to introduce a novel software designed to streamline the code generation process for developers, setting its sights on rivaling similar proprietary offerings from tech giants like OpenAI and Alphabet Inc GOOG GOOGL Google. 

Codenamed 'Code Llama,' this state-of-the-art code generation tool harnesses the prowess of artificial intelligence and will likely be open-source.

As the Information reports, insiders have hinted at an imminent launch, possibly as early as the coming week. 

The novelty in Meta's approach emanates from their foundational software Llama 2, a prominent large-language model proficient in interpreting and producing conversational text. 

This open-source marvel democratized the AI landscape and provided a viable alternative to the commercial AI applications peddled by OpenAI, Google, and Microsoft Inc MSFT.

Code Llama's Competitive Edge

While OpenAI's Codex model has made significant inroads in the market, Code Llama seeks to leverage the capabilities of Llama 2 and augment it further. 

The primary aim? To furnish developers with an intelligent AI assistant that proposes code in real-time, facilitating an intuitive and seamless programming experience. 

This innovation could divert clientele from established paid solutions like Microsoft's GitHub Copilot.

Also this month, reports indicated Meta's launch of AI-powered chatbots to foster engagement on its social media platforms. The move marks its attempts to retain users amid competition from TikTok and capitalize on the growing excitement around AI since the launch of ChatGPT.

Considering the ongoing dynamics in the AI sector, where businesses are in a perpetual quest for cutting-edge solutions, Code Llama's introduction might herald a new competition phase, particularly against the more conventional coding assistants in the market.

Price Action: META shares are trading lower by 1.73% at $280.15 on the last check Friday.

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.