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As AI burns money rapidly and monetizing open-source models proves difficult, Meta seeks funding from Amazon and Microsoft.
In the past year, Meta sought funding support from several technology companies, including Microsoft and Amazon, to share the training costs of its flagship large language model Llama. Reports indicate that when Meta initially proposed the collaboration idea named "Llama Alliance," the market response was relatively lukewarm.
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Weight stocks have faced a sharp decline, while the Dow Jones, known as the "most resilient" index in the U.S. stock market, has fallen against the trend.
The Dow Jones uses a price-weighted method, which means that price changes in high stock price shares have a greater impact on the index than those in low stock price shares. Overnight, the largest weighted stock, UnitedHealth, plummeted 18%, dragging the Dow down by 1.2%, while the S&P 500 Index rose by as much as 0.6%. Media compilation data shows that since 1954, instances where the Dow fell by 1% or more while the S&P rose at least 0.5% have only occurred once.
$100 Invested In This Stock 15 Years Ago Would Be Worth This Much Today
Microsoft Analyst Lowers Rating, Flags Slower Growth, Flat Valuation Outlook