Meta Connect 2024 is coming. Meta (META.US) , whose stock price has been hitting record highs, is about to welcome a major catalyst?

According to media reports citing informed sources, this week, social media company Meta Platforms (META.US), which owns Facebook and Instagram, is planning to disclose agreements signed with well-known actors including Hollywood stars Judy Dench, Kristen Bell, and John Cena to provide voiceovers for the company's Meta AI chat Siasun Robot & Automation, and may also unveil Meta's first AR glasses. As Meta's stock price hits an all-time high, the upcoming Meta Connect 2024 conference may significantly boost the stock price, with Meta expected to announce the latest developments in the field of artificial intelligence and Meta's VR/AR headset progress at the conference. Informed sources revealed that a new artificial intelligence audio feature from Meta is expected to be announced at the Meta Connect 2024 conference on Wednesday, Eastern Time. It will provide users of Meta's social platforms the option to choose voice options from five well-known actors for the company's AI chat Siasun Robot & AutomationMeta AI, including Hollywood stars Octavia Spencer and J.K. Simmons. Informed sources added that there are other non-branded generic voices available for Meta users to choose from. Media reports citing informed sources revealed that this week, Meta's various applications, including Facebook, Instagram, and WhatsApp, will launch the Meta AI voice-over feature with the voices of the mentioned celebrities in the US and other English-speaking markets. Bloomberg previously reported that Meta is negotiating with Hollywood and social celebrities to embed their voices in Meta's artificial intelligence projects. Since 2022, when Microsoft Corporation funded OpenAI to launch the groundbreaking AI chat Siasun Robot & Automation ChatGPT, generative artificial intelligence services have continued to be a hot topic of discussion. Globally, not only numerous tech companies but companies in various industries are striving to launch AI chat Siasun Robot & Automation services driven by large language models (LLMs) based on their own advantages and databases, providing rapid and efficient content, image, video, and voice generation services among others. Meta's exclusive AI chat Siasun Robot & AutomationMeta AI has been in fierce competition with Gemini developed by Alphabet Inc. Class C, a subsidiary of Alphabet, and ChatGPT developed by OpenAI, since its launch on its social platforms. As early as May of this year, OpenAI showcased a similar customized audio feature for its AI chat Siasun Robot & Automation ChatGPT. However, after users pointed out that it sounded like Hollywood actress Scarlett Johansson, OpenAI paused the use of the AI voice dubbed "Sky" in the audible version of ChatGPT. In a statement released at the time, OpenAI stated, "We believe that AI voices should not deliberately mimic the unique voices of celebrities. To us, Sky's voice is not an imitation of Scarlett Johansson, but rather belongs to a different professional actress who uses her natural speaking voice." Hollywood star Scarlett Johansson, who portrays Black Widow in the global hit movie "Avengers," played a fictional AI chat assistant in the widely acclaimed film "Her," portraying a romantic story of a man falling in love with a virtual artificial intelligence voiced by Johansson. Meta AI's vision is similar - hoping to soon launch an exclusive "all-knowing AI companion" with a deep understanding of user preferences and habits after multiple iterations, similar to the character in the movie "Her." Meta VR/AR May See New Developments Additionally, media reports citing informed sources indicate that the company is expected to introduce updates for its virtual and augmented reality headsets (VR/AR headsets), especially Meta's first AR glasses version, at the upcoming Meta Connect 2024 event. The company will also discuss its plans for other hardware devices, such as Ray-Ban Meta smart glasses. Earlier this month, Ray-Ban smart glasses manufacturer EssilorLuxottica expanded its deep collaboration with Meta, aiming to develop multiple generations of smart glasses products through collaboration in the next decade. Last year, Ray-Ban Meta smart glasses became the first consumer electronics product to include the audio version of Meta AI chat Siasun Robot & Automation. According to reports from The Verge, the most anticipated product at the Meta Connect event may be the portable VR headset device Quest 3S, priced at $299.99. The Verge also suggests that Meta may focus on its Ray-Ban Meta smart glasses. The highlights and pricing of this potential new product from Meta could put stocks of Apple Inc. (AAPL.US) and Snap Inc. (SNAP.US) on high alert due to competition. Bank of America Corp analyst Justin Post predicts that Meta will showcase a prototype of its new AR headset and demonstrate its features during the event.Integration of mixed reality and augmented reality, rather than the past singular focus on virtual reality.Meta is expected to reveal new research progress on Llama, which could be described as the "Linux of large model field." Bank of America Corp analyst Foster also stated that the Meta Connect conference may shift its focus to augmented reality (AR) and showcase the iterative progress of its Llama artificial intelligence large model. Foster said that Meta may introduce new artificial intelligence features for its Messenger and WhatsApp platforms, and update the Llama open-source large language model that Meta has heavily promoted. Foster also believes that the Meta AI new feature demonstration will have the opportunity to showcase the integration upgrades of artificial intelligence functions for Facebook and Instagram, as well as how Meta AI enhances user engagement. In July, Meta launched its developed Llama 3.1 series open-source artificial intelligence large model. Analysts from JPMorgan Chase stated that the release of this open-source AI large model may lead Meta AI to become the "largest AI assistant in terms of user base by the end of the year." In July, Meta released three models of the Llama 3.1 open-source AI large language model. Llama 3.1 405B contains 405 billion parameters, making it the largest model Meta has developed so far. Meta CEO Mark Zuckerberg described Llama 3.1 as the "starting point of art," with performance indicators that will match the most powerful models published by OpenAI and Alphabet Inc. Class C. Additionally, Meta has partnered with NVIDIA Corporation, as well as cloud giants Amazon.com, Inc. AWS and Microsoft Corporation, to provide customized services for the global enterprise using the Llama 3.1 model. Meta claims that Llama 3.1 405B is comparable to the GPT-4o developed by OpenAI and the Claude 3.5 Sonnet developed by Anthropic in various AI large model performance indicators. For example, Llama 3.1 405B excels in tasks such as executing text-to-code generation and generating charts compared to GPT-4o, achieving mixed results in overall performance comparison with GPT-4o and Claude 3.5 Sonnet. Will Meta's stock continue to soar to new highs? According to many Wall Street analysts, Meta, with over 3 billion users worldwide, may see its Meta AI chat Siasun Robot & Automation become the most popular AI chat Siasun Robot & Automation globally, far surpassing ChatGPT. This is the core logic behind analysts' optimism for Meta's stock price, as advertising and software application on the user application side are undoubtedly Meta's most proficient areas. Therefore, with Meta's massive user base of over 3 billion, Meta is in the best position for AI monetization. Analyst Barton Crockett from Rosenblatt, a well-known investment firm on Wall Street, believes that Meta Connect 2024 may lead the recent global news cycle of artificial intelligence and serve as a catalyst for the rise of both Meta itself and popular technology stocks related to AI. This analyst believes that Meta may introduce cheaper virtual reality headsets, showcase new Meta augmented reality glasses, and highlight progress made in integrating artificial intelligence into existing software products. The Rosenblatt analyst team rates Meta as a "buy" with a target price of up to $643 within 12 months. In comparison, Meta's stock closed at $564.41 on Monday and hit a historical high of $573.98 during the trading session. Meta's stock price has continuously reached new highs this year.