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Meta Develops AI Tool to Boost Productivity
Meta is pushing forward with plans to develop its artificial intelligence offering to businesses, as the social media platform rolls out a new AI tool internally that aims to boost productivity. The AI software, called Metamate, is built on the tech giant’s large language model, Llama, and is used for coding, conducting research, as well as drafting communications internally and externally.
Metamate’s Capabilities
The AI software is primarily a text-based interface and does not currently support video or images. It also lacks the more autonomous, agent-like features of its rivals, such as joining and summarizing meetings, scheduling items in calendars or taking actions on behalf of the user. However, Meta employees, including executives, said they used the tool regularly for different tasks, including coding, finding internal information from the company intranet, and preparing for client calls and follow-ups.
Impact on Productivity
Ratanchandani, Meta’s VP of engineering who leads Metamate’s development, said it was too early to measure its impact on productivity. However, Meta employees who use the tool reported that it has helped them to complete tasks more efficiently and effectively.
Market for AI Agents
The market for so-called AI agents, which can reason and complete complex tasks for people, is projected to grow from $5.1bn to $47bn by 2030, according to data from market research firm MarketsandMarkets.
Conclusion
Meta’s development of Metamate is a significant step towards its goal of becoming a dominant player in the AI market. While the tool is still in its early stages, it has the potential to revolutionize the way businesses operate and could have a significant impact on productivity.
FAQs
Q: What is Metamate?
A: Metamate is an AI software developed by Meta that is used for coding, conducting research, as well as drafting communications internally and externally.
Q: Is Metamate available for external use?
A: No, Metamate is currently only available for internal use at Meta.
Q: What is the market size for AI agents?
A: The market for so-called AI agents, which can reason and complete complex tasks for people, is projected to grow from $5.1bn to $47bn by 2030, according to data from market research firm MarketsandMarkets.
Q: When will Metamate be available for external use?
A: There is no current plan to release Metamate for external use, but the company is considering ways to improve the product, including making it more like an AI assistant.
