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Ed Ludlow

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10096 total appearances
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Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

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

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

That's next.

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

This is Bloomberg Tech.

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

Find us on Apple, Spotify, or anywhere you listen.

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

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

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

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

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

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

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

The reporting comes from Bloomberg Tech's Riley Griffin.

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

There's a case study.

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

The case study is Avocado.

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

So let's start there.

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

This is all what we're hearing from sources.

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

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

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

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

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

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

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

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

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

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

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

And as you know, Meta is under pressure to show that it can return on its multi hundred billion dollar investment in AI.

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

And this is one path towards that.

Bloomberg Tech
SpaceX Said to Pursue 2026 IPO

There's detail in the reporting about how Alexander Wang, who's basically the lieutenant leading the AI lab effort, is pro-closed model.