Meta Stock (FB): Why The Price Went Up

By Amit Chowdhry ● Jan 25, 2022
  • The stock price of Meta Platforms Inc (NASDAQ: FB) increased by 1.83% in the most recent trading session. This is why it happened.

The stock price of Meta Platforms Inc (NASDAQ: FB) increased by 1.83% in the most recent trading session. Investors responded positively to Meta Platforms announcing that they are introducing the AI Research SuperCluster (RSC), which they believe is among the fastest AI supercomputers running today and will be the fastest in the world once fully built out in mid-2022. 

AI can currently perform tasks such as translating text between languages and helping identify potentially harmful content, but developing the next generation of AI will require powerful supercomputers capable of quintillions of operations per second.

RSC is going to help Meta’s AI researchers build better AI models that can learn from trillions of examples; work across hundreds of different languages; seamlessly analyze text, images and video together; develop new augmented reality tools, and more. And the work done with RSC will pave the way toward building technologies for the next major computing platform — the metaverse, where AI-driven applications and products will play an important role.

Since 2013, Meta has been making significant strides in AI, including self-supervised learning where algorithms can learn from vast numbers of unlabeled examples and transformers — which allow AI models to reason more effectively by focusing on certain areas of their input. And to fully realize the benefits of advanced AI, various domains, whether vision, speech, language, will require training increasingly large and complex models, especially for critical use cases like identifying harmful content. In early 2020, the company decided the best way to accelerate progress was to design a new computing infrastructure — RSC.

With RSC, Meta will be able to more quickly train models that use multimodal signals to determine whether an action, sound or image is harmful or benign. And this research will not only help keep people safe on their services today, but also in the future, as they build for the metaverse. As RSC moves into its next phase, the company plans for it to grow bigger and more powerful, as we begin laying the groundwork for the metaverse.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.