Meta and OpenAI are set to launch advanced AI models capable of reasoning and planning, as per a Financial Times report. Meta’s Llama 3 and OpenAI’s GPT-5 will soon debut, aiming to enhance generative AI applications like ChatGPT. Meta’s VP of AI research, Joelle Pineau, highlights the exploration of large language models’ potential in reasoning and memory functions. OpenAI’s COO, Brad Lightcap, anticipates GPT-5 to tackle complex tasks. The competition intensifies with Google and Anthropic’s AI developments. Meta plans integration into WhatsApp and Ray-Ban smart glasses. OpenAI recently launched GPT-4 Turbo, enhancing text analysis and task automation capabilities.