02:45 PM EDT, 06/27/2025 (MT Newswires) -- Meta (META) executives held talks on "de-investing" in the company's AI model Llama, The New York Times reported Friday, citing two people familiar with the discussions.

The executives discussed adopting closed-source AI models such as those of Anthropic and Microsoft ( MSFT )-backed (MSFT) OpenAI, in contrast with Llama's open-source model, the people reportedly said.

A Meta spokeswoman told the New York Times that company officials "remain fully committed to developing Llama and plan to have multiple additional releases this year alone."

Meta did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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