[ad_1]
The excellent news for Meta is that, not like just about each AI startup, it already makes some huge cash. Final quarter, the corporate made simply over $39 billion in income, up 22 % from a yr in the past, and about $13.5 billion in revenue, up 73 %. 3.27 billion individuals use at the least certainly one of Meta’s apps every single day. That type of scale and cash buys the flexibility to make large bets, which Zuckerberg is well-known for doing.
On Meta’s Wednesday earnings name, CFO Susan Li reiterated to buyers that monetary returns from its latest AI investments will “are available in over an extended time frame.” Zuckerberg was direct about why Meta is spending billions on Nvidia {hardware} and the opposite infrastructure forward of those future returns: “It’s laborious to foretell how this may pattern a number of generations into the long run, however at this level, I’d somewhat threat constructing capability earlier than it’s wanted somewhat than too late.”
He once more telegraphed that the Meta AI assistant is on monitor to be probably the most used on the earth earlier than the top of the yr. Whereas he touted that generative AI options “are issues that I feel will improve engagement in our merchandise,” he mentioned the true income will come from enterprise use instances, like AI creating adverts from scratch and letting companies function their very own AI brokers in WhatsApp for customer support.
Another tidbits from the earnings name:
[ad_2]