Meta is pushing forward with its plans to develop its artificial intelligence offering to businesses, Metamate.
Currently, the AI tool is being used internally at Meta for tasks like coding, conducting research and drafting both internal and external communications and was built by the tech giant’s large language model, Llama.
The push to broaden Metamate’s use to other businesses comes as Mark Zuckerberg has made it clear that he wants to be the dominant AI player by integrating it into Instagram, WhatsApp and Facebook and offering AI agents to users, creators and businesses using the platform.
Despite this, Metamate is not yet at the level to compete with rivals offered by Microsoft and Google.
Currently, Metamate is primarily text-based interference and does not support video and images.
It also lacks autonomous and agent-free features including joining and summarising meetings, scheduling items in calendars or taking actions on the user's behalf.
Meta’s VP of engineering who leads Metamate’s development, Prashant Ratanchandani told the Financial Times that there were no plans to release Metamate for external use, but that the project offered valuable insights into enterprise AI applications.
Ratanchandani added that the goal is to create “the world’s best enterprise assistant”.
The market for AI agents is rapidly growing and is projected to grow from US$5.1 billion (A$7.967 billion) to $47 billion by 2030, according to research firm MarketsandMarkets.