Meta has launched an internal AI software called Metamate. Built on Meta’s large language model, Llama, Metamate helps with tasks like coding, research, and drafting communication, says a Financial Times report. Prashant Ratanchandani, Meta’s VP of engineering, said the software isn’t meant for public use yet but is helping Meta explore how AI can work in businesses. He added that the goal is to create “the world’s best enterprise assistant.”
What Metamate does
The report says that Meta employees, including executives, use Metamate for tasks like coding, finding company information, and preparing for client calls. The company is also using other AI tools like OpenAI’s ChatGPT.
Ratanchandani said they’re working on making Metamate more like a true AI assistant, but it’s too soon to measure its impact.
The launch comes at times when Meta is exploring ways to earn from AI. Last month, the company hired Clara Shih, a former Salesforce AI executive, to lead its new “Business AI” team. Her goal is to make advanced AI tools available to all businesses.
The company has already added AI features to Instagram, WhatsApp, and Facebook. However, Metamate is still behind similar tools from Microsoft and Google. For example, it can’t handle video or images, and it doesn’t have advanced features like joining meetings or managing calendars.
AI tools market to grow to $47 billion by 2030
Tech companies like OpenAI and Google are racing to develop AI assistants to attract businesses and increase revenue. The AI tools market is expected to grow significantly, from $5.1 billion today to $47 billion by 2030, according to data from market research firm MarketsandMarkets.
While the market for AI tools is growing, their widespread adoption and productivity gains may take years. Experts say it’s common for companies to test new tools internally before releasing them. However, some believe Meta may struggle to become a major AI vendor, given its focus on advertising and social media.
