Meta announces LlamaCon, its first generative AI dev conference

Core Insights - Meta is hosting its first generative AI developer conference, LlamaCon, on April 29 to share updates on open-source AI developments [1] - The company has adopted an open approach to AI development, with notable partners including Goldman Sachs, AT&T, and Nvidia, and claims hundreds of millions of downloads of its Llama model [2] - Meta is facing competition from Chinese AI company DeepSeek, which has reportedly developed models that could outperform Llama [3] - The company plans to invest up to $80 billion in AI projects this year, including new hires and data centers [4] - Meta is currently involved in a lawsuit regarding the use of copyrighted materials for training its models and has faced delays in model launches due to data privacy concerns in the EU [5] Group 1 - Meta's first generative AI conference, LlamaCon, is scheduled for April 29 [1] - The company has embraced an open approach to AI, with significant partnerships and downloads of its Llama model [2] - Meta is reportedly concerned about competition from DeepSeek's AI models [3] Group 2 - Meta plans to invest $80 billion in AI-related projects this year [4] - The company is facing legal challenges regarding copyright issues and data privacy concerns in the EU [5]