Meta is launching the Llama for Startups program to encourage startups to adopt its Llama AI models. The program offers financial support of up to $6,000 monthly for six months to eligible U.S. companies focusing on generative AI. Meta aims to enhance its presence in the competitive AI space amid challenges such as model rollout delays and performance concerns. The company projects significant revenue growth from its generative AI products, anticipating earnings between $2 billion to $3 billion by 2025 and as high as $1.4 trillion by 2035.
"Members may receive up to $6,000 per month for up to six months to help them offset the costs of building and enhancing their generative AI solutions."
"The launch of the Llama startup program comes as Meta tries to cement its lead in the fiercely competitive open model space."
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