Ed Ludlow

I do know that this would probably be literally the most exciting IPO we've ever seen.

Phil Haslett, Chief Strategy Officer at Equizy Zen.

Thank you very much.

Coming up, Meta making moves toward a new AI model from open to close.

That's next.

This is Bloomberg Tech.

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Meta's Mark Zuckerberg is shifting the company's focus toward a new artificial intelligence model that can make it some money.

One new model is expected to launch next spring, potentially as a closed model that Meta can sell access to.

This would mark Meta's biggest move yet away from open source models.

The reporting comes from Bloomberg Tech's Riley Griffin.

There's a case study.

The case study is Avocado.

So let's start there.

This is all what we're hearing from sources.

But my understanding is originally Avocado might have been an open source model.

It's now not going to be based on our reporting.

Take it from there and then we'll get into the bigger picture.

But closed is the way they are leaning at the moment.

And this is a really important distinction because it points to a monetization strategy.