It's all hands on deck at Meta, as the company develops new AI models under its superintelligence lab led by Scale AI co-founder, Alexandr Wang. The company is now working on an image and video model codenamed “Mango” along with a new text-based model internally known as “Avocado,” The Wall Street Journal reported.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) is developing a new image- and video-focused artificial intelligence model code-named Mango, alongside a text-based large language model called Avocado, according to a Wall Street Journal report. Both models are expected to be released in the first half of 2026.
Meta Platforms (META) is revolutionizing digital advertising through unified AI models like Lattice, Andromeda, and GEM, driving superior ad performance. META's Advantage+ system, leveraging these AI advances, has reached a $60 billion annual revenue run rate and is automating end-to-end ad processes. Risks include persistent Reality Labs losses (~$19 billion TTM) and potential overinvestment in AI infrastructure impacting future returns.
In the latest trading session, Meta Platforms (META) closed at $664.45, marking a +2.3% move from the previous day.
Alexandr Wang, the company's AI chief, said the new model will debut soon, along with a large language model dubbed Avocado
Austria's Supreme Court on Thursday ordered Meta to provide an online privacy rights campaigner with access to all of his personal data within two weeks, after a marathon 11-year legal battle.
The artificial intelligence trade is one that's become integral to the U.S.
Meta Platforms (META) has faced challenges in the past. Its stock has plummeted over 30% on four separate occasions in less than two months in recent years, leading to billions in lost market value and reversing substantial gains in a single downturn.
Austria's Supreme Court has ruled that Meta's personalized advertising model is unlawful and ordered the company to provide users across the European Union with complete access to their personal data within 14 days of any request, in a final and directly enforceable decision that sets a binding legal precedent across the bloc.
This year, one of the better performers among the Magnificent 7 had been Meta Platforms Inc.
Meta Platforms (META) delivered another strong dual beat in Q3, with accelerated YoY revenue growth of 26.2% and robust EPS expansion. Q3 saw significant cash from operations growth to $30B, supporting aggressive AI and virtual reality investments while maintaining a fortress financial position. META trades at attractive current and forward multiples, with no premium to historical averages despite expanding AI exposure and positive earnings revisions.
Meta says that it has paused its program to share Meta Horizon OS, the mixed reality operating system that powers its Quest headsets, with third-party device makers. The program was part of the company's metaverse push — the idea behind the program was to create a “new generation of hardware” that would give VR users their pick of devices when it came to engaging with Meta's digital worlds.