Meta’s ‘open’ AI, and a $250M deal gone very wrong
TechCrunch Theresa Loconsolo, Kirsten Korosec, Anthony Ha, Rebecca Bellan ● Covered by 5 sources
Meta released Glimmer, an open-weight AI model that can be downloaded and run on a user’s own hardware, and it was discussed alongside Mark Zuckerberg’s argument for AI being “for everyone.” The episode also highlighted a $250M acquisition deal between VideoVerse and Minute Media that collapsed after allegations involving forged documents, multiple lawsuits, and an unreachable CEO. The coverage shifts attention toward both the practical availability tradeoffs of open AI and the downstream business risk from failed AI-adjacent deals.
Why it matters
Meta released Glimmer this week, an open-weight AI model anyone can download and run on their own hardware — a contrast to Muse Spark, the company’s more powerful model that stays locked behind its own APIs. The release landed alongside a letter from Mark Zuckerberg arguing AI should be “for everyone” rather than controlled by a handful of labs, but as Equity’s […]
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