OSLO - Opera (NASDAQ:OPRA) [NASDAQ:OPRA], the Norway-based software company, has announced the integration of 150 local Large Language Model (LLM) variants into its Opera One browser's developer stream, a first for a major browser. This feature enables users to process data on their devices without sending information to a server, enhancing privacy and data security.
The local LLMs, which include MetaVicuna's Llama, Google (NASDAQ:GOOGL)'s Gemma, and Mistral AI's Mixtral, among others, are an extension to Opera's existing Aria AI service. Users interested in testing these models can do so by upgrading to the latest version of Opera Developer and following the necessary steps to activate the feature. Once a local LLM is selected, it will be downloaded to the user's machine, requiring between 2-10 GB of storage space per variant.
Krystian Kolondra, EVP Browsers and Gaming at Opera, highlighted the company's commitment to exploring the local AI space by stating, "Introducing Local LLMs in this way allows Opera to start exploring ways of building experiences and knowhow within the fast-emerging local AI space."
Opera has been a player in the AI space since early 2023, when it launched Opera One, its AI-centric flagship browser. Opera One boasts a modular design and a multithreaded compositor for smoother UX processing. The Aria browser AI, part of Opera One, is also available in the gaming-focused Opera GX and on Opera's mobile browsers for iOS and Android.
The addition of local LLMs to Opera One Developer is part of the company's AI Feature Drops Program, which allows early adopters to experiment with new AI features. This program represents Opera's ongoing efforts to innovate and provide a secure and user-friendly browsing experience.
This news is based on a press release statement from Opera Limited.
InvestingPro Insights
As Opera [NASDAQ:OPRA] continues to push the envelope with its integration of local Large Language Model variants, the company's financial health and market performance provide an interesting backdrop to its technological advancements. With a market capitalization of approximately $1.33 billion and a robust revenue growth of 19.87% over the last twelve months as of Q4 2023, Opera's financials suggest a company on the rise.
Investors might find Opera's price-to-earnings (P/E) ratio of 7.92 particularly noteworthy, as it indicates the company's earnings are relatively undervalued compared to its share price. Furthermore, the company has been profitable over the last twelve months, with a return on assets at 17.01%, showcasing its efficiency in generating profits from its assets.
When it comes to forward-looking insights, two analysts have revised their earnings upwards for the upcoming period, which could signal confidence in Opera's future performance. Additionally, Opera's strong returns over the past year, with a 55.08% one-year price total return, reflect positively on its market sentiment.
For those interested in further insights, there are additional InvestingPro Tips available, including Opera's ability to hold more cash than debt on its balance sheet and its liquid assets exceeding short-term obligations, which underline the company's financial stability. To explore these tips and more, visit InvestingPro. And don't forget, you can use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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