Meta is pursuing a new frontier AI model, codenamed Avocado, that could be proprietary instead of open source, CNBC has learned. The company is trying to keep pace with artificial intelligence rivals ...

Traces of two new AI models, codenamed Avocado, were reportedly spotted in the codebase of the Meta AI platform.

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Meta jumped, while Microsoft plunged post-earnings as investors hunt for signs that big AI investments are paying off.

In the midst of an unprecedented AI buildout, Meta is spending more than most. The company is building two massive data centers, and reporting indicates there will be as much as $600 billion in ...