Meta sees an “opportunity to introduce AI agents to billions of people in a useful and meaningful way,” CEO Mark Zuckerberg told investors today.
It’s been vague on exactly how Meta will add generative AI to its apps, but Zuckerberg gave the most detailed preview yet in the company’s first quarter earnings call this year, claiming $28.6 billion. reported revenue and a record 2 billion daily users. Exceeded Wall Street estimates. Meta’s quarterly profit was $5.7 billion, down 24% from the year-ago quarter.
“We’re also looking at chat experiences on WhatsApp and Messenger, visual creation tools for posts and ads on Facebook and Instagram, as well as video and multimodal experiences,” Zuckerberg said on the earnings call. “We expect these tools to be of value to everyone, from ordinary people to creators to businesses. I think there will be a lot of interest over time, and this will extend to our work on the metaverse, where people will be able to create avatars, objects, worlds, and the code that ties them all together much more easily. will be able to.”
“We are no longer behind in building AI infrastructure.”
Distracted by the company’s rebranding and Zuckerberg’s focus on the Metaverse, Meta initially stepped in building the infrastructure needed to support this kind of AI capability, and in recent quarters it has expanded its data center capacity. Ended up spending billions on rebuilding. “We are not behind in building AI infrastructure,” Zuckerberg said today, hinting that generative AI products will be released in the coming months.
OpenAI’s Unprecedented Success of ChatGPT Makes Generative AI a Tech Trend du jour, Google, Meta, and Snap are vying to build competing applications. Meta released his AI language model, called LLaMA, to researchers earlier this year, but he has yet to debut anything similar to ChatGPT in a widely accessible way.
It doesn’t seem like it will last very long. Zuckerberg said today that generative AI “will literally affect all of our products,” hinting at how the technology could specifically speed up his nascent customer support business for WhatsApp. . “By improving our ability to act as proxies for tens of millions of AI agents, there will be far more businesses that people can afford to engage in chat with,” he said.
Meta may be pivoting to AI like other industries, but Zuckerberg says it hasn’t given up on the Metaverse. He said the “unfolding narrative that the meta is about to move away from the metaverse” is “not accurate,” as evidenced by the debut of his upcoming Quest VR headset scheduled for later this year. rice field. Meta’s Reality Labs division reported a net loss of $4 billion last quarter and said the company expects “operating losses to increase year-on-year in 2023.”
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