Meta Platforms (META 0.24%) will have more GPU power than almost any company in the world by the end of 2024, and the company plans to make most of its AI models open source. This is a powerful strategy that could destroy value for even the biggest competitors in the industry, as Travis Hoium covers in this video.

*Stock prices used were end-of-day prices of Jan. 23, 2024. The video was published on Jan. 23, 2024.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and Snap. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia, and Oracle. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

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Why Mark Zuckerberg Is the Power Player in Artificial Intelligence - The Motley Fool