Meta Platforms Stock Dips On AI Rollout Delay Amid Internal Turmoil: Report

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Meta Platforms Stock Dips On AI Rollout Delay Amid Internal Turmoil: Report - Benzinga

Quick Summary:

Meta Platforms Inc (NASDAQ:META) shares fell 2.2% to $645.07 on Thursday afternoon following a Wall Street Journal report that revealed delays in the company's release of its next-generation AI model, codenamed Behemoth.

What To Know: Engineers have reportedly struggled to achieve meaningful improvements over previous versions, leading to internal debate over whether Behemoth is ready for public release.

The model, once expected as early as April, has now been pushed to fall or later, according to people familiar with the matter, the Wall Street Journal said.