TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
TheFinanceStory
No Result
View All Result
  • Login
  • Register
  TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
The finance story
No Result
View All Result
  • Login
  • Register
The Finance Story
No Result
View All Result

Meta’s CEO Mark Zuckerberg to build AGI, a type of AI that can perform any intellectual task like humans

Meta is building AGI, a type of artificial intelligence that can perform any intellectual task like humans

Preeti Mondal by Preeti Mondal
Published date: 29th January, 2024
Last edited date: 29th January, 2024
SHARE (0)
Mark Zuckerberg vows to build the first artificial general intelligence, in a recent Threads post
Share on FacebookShare on Twitter
  • Over the last few years, AI has taken the world by storm with its applications in almost every industry under the sun.
  • Tech giants are in a competitive race to develop artificial general intelligence (AGI).
  • Here is what Meta’s CEO Mark Zuckerberg has announced.

Mark Zuckerberg’s AGI dream

Mark Zuckerberg, Meta’s CEO announced plans to build its own artificial general intelligence (AGI), in a video posted on Threads.

This is an AI that matches or even surpasses human intelligence in nearly all areas.

Zuckerberg said advancing AI is necessary to create the best chatbots, creators, and business tools.

Mark’s Threads post regarding AGI

Why is Meta doing it?

Zuckerberg considers AI as crucial to future technologies.

He envisions people conversing with AI through AR glasses within the metaverse, this decade.

How is Mark Zuckerberg going about it?

To support AGI development, Meta will have about 350,000 Nvidia H100 graphics cards.

The company is also combining its two major AI research groups – FAIR and GenAI.

Earlier this year, Meta created a new group to turbocharge its AI tools development. This aims to accelerate Meta’s AI research per Zuckerberg.

Competition to build first AGI

Some renowned competitors of Meta in this AGI race are,

  • Microsoft
  • Google
  • OpenAI
  • Anthropic
  • Darktrace
  • Deepmind
  • Google Brain

AI vs AGI

AI can be divided into Narrow AI and General AI (AGI)

AI today (Narrow AI) is about teaching computers to do smart things, while AGI is about making computers as smart as humans across many tasks!

We have AI now, but AGI is still just a big goal for the future.

Why should you care?

Achieving AGI requires advancements in various fields, including neuroscience, computer science, and cognitive psychology.

While the journey toward AGI holds tremendous promise for revolutionizing industries and transforming society, it also raises important ethical and existential questions.

Ensuring the responsible development and deployment of AGI is crucial to mitigate potential risks and maximize its beneficial impact on humanity.

Although these use cases are yet to become mainstream, there is no doubt that progress is being made.

Now, imagine how these areas, such as auditing, consulting, and taxation, will be affected by AGI… which can imitate human-level intellectual capabilities.

Closing…

Many experts in the industry believe it is a long way for humans to create AGI, but that is not stopping Meta from fully committing to lead AGI research.

Meta’s long-term vision is to open source its AGI system. This means that developers from outside Meta can gain access to the system.

The goal is to make it available to as many people as possible, while still being responsible, Mark explained.

However, some experts have raised concerns about potential harm from uncontrolled AI advancement by big tech firms.

Now, only time will tell.

How do you think AGI will transform the finance industry? 

Preeti Mondal

Preeti Mondal

Recommended for you

UAE’s Private Sector now employs 152,000 Emiratis
Dubai

UAE’s Private Sector now employs 152,000 Emiratis

4th August, 2025 | 3 mins read
Grant Thornton U.S. acquires Latin American AI-savvy outsourcing firm
News

Grant Thornton U.S. acquires Latin American AI-savvy outsourcing firm

4th August, 2025 | 2 mins read
U.S. Accounting Firm Wipfli gets Private Equity from Grant Thornton’s backer
News

U.S. Accounting Firm Wipfli gets Private Equity from Grant Thornton’s backer

4th August, 2025 | 3 mins read
PwC Middle East gets a seat at PwC’s Global Board
Big 4

PwC Middle East gets a seat at PwC’s Global Board

4th August, 2025 | 3 mins read
UAE's influencer's now need a License to post
Dubai

UAE’s influencer’s now need a License for monetising their content

4th August, 2025 | 3 mins read
CAs retain exclusive Tax Audit rights; CMAs, CS excluded
Chartered Accountant

CAs Retain Exclusive Tax Audit Rights; CMA, CS Officially Excluded

23rd July, 2025 | 4 mins read
Next Post
Unilever India's CFO shares 3 pieces of career advice on LinkedIn.

Unilever India's CFO shares 3 pieces of career advice on LinkedIn. So, what are they? 

Start conversation Cancel reply

Your email address will not be published. Required fields are marked *

Popular posts

  • KPMG Partner quits and goes Boutique with high end advisory firm: Now has 5+ offices & 75+ team

    KPMG Partner quits and goes Boutique with high end advisory firm: Now has 5+ offices & 75+ team

    0 shares
    Share 0 Tweet 0
  • Big 4 firms in India: Inside Deloitte, PwC, EY & KPMG career prospects, growth and salaries

    0 shares
    Share 0 Tweet 0
  • Designations in HDFC Bank: From Joining as an Assistant Manager to climbing to the rank of Managing Director.

    80 shares
    Share 0 Tweet 0
  • Big 4 India Partners jumping from one firm to another: High alert as Partner poaching surges

    0 shares
    Share 0 Tweet 0
  • CA Firms Kirtane & Pandit, Guru & Jana, SSKM unite to build India’s Next Big Global Consulting Firm

    0 shares
    Share 0 Tweet 0
  • Hierarchy level in ICICI Bank: Thinking of joining ICICI Bank? Here’s an overview of the employee grades.

    175 shares
    Share 0 Tweet 0
  • ICAI Under Fire: Women Removed from Front Row at CA Students’ Conference Following Guest’s Demand

    0 shares
    Share 0 Tweet 0
  • EY, PwC, Deloitte surpass 3,300 Partners. EY added 1000+ new Partners

    0 shares
    Share 0 Tweet 0
  • UK firm outsourced accounting work to India but quality dropped: Now established his own offshore unit

    0 shares
    Share 0 Tweet 0
  • Deloitte India offers ‘Golden Handshake’ to senior Partners aged 55 & above. Plans to elevate young partners.

    0 shares
    Share 0 Tweet 0
The Finance Story

The Finance Story empowers finance professionals—CFOs, consultants, accountants, tax experts, and bankers—to navigate critical market shifts, industry disruptions, and emerging technologies & trends.

How? We spotlight key opportunities in India and globally, equipping finance professionals with the insights and strategies to drive business growth, optimize decision-making, and position their companies at the forefront

Quick Links

  • Finance
  • Partners
  • Privacy and Policy
  • Terms of use

Follow us

  • /TheFinanceStory
  • @TheFinanceStory
  • /TheFinanceStory
  • @thefinancestory_com
  • TheFinanceStory

© 2022. The Finance Story. All Rights Reserved.

No Result
View All Result
  • TFS Gulf
  • Entrepreneur Story
  • Finance Leaders
  • Videos
  • Login
  • Sign Up

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies to personalize your experience. By continuing to visit this website you agree to our use of cookies.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Book 1:1 call with industry expert