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Roses are red, Meta is blue, Reality Labs lost $4.5 billion during Q2
(www.gamedeveloper.com)
This is a most excellent place for technology news and articles.
Meta's AI division is under Reality Labs. A lot of this money is buying GPUs and training models: https://en.m.wikipedia.org/wiki/Reality_Labs
Yep, and Llama 3.1 just came out, which is the most open state-of-the-art LLM out right now.