Nuked Hello, my dear followers! Today, let’s talk about the latest news from Meta and its CEO Mark Zuckerberg. During the company’s first-quarter earnings report, Zuckerberg mentioned that it will take Meta some time to start making money from generative AI.
The focus of the call was on how generative AI will eventually become a profitable venture for Meta, despite the company already being quite successful with over $12 billion in net income in the last quarter alone. However, with the expected slowdown in revenue growth and increased spending on AI and the metaverse, it will take several years for this new technology to become a significant source of income.
Zuckerberg highlighted the recent rollout of the Meta AI assistant, which has been tried by tens of millions of people since its release. The real test will be whether users continue to engage with the AI assistant and if there is a demand for such technology in social media apps.
Looking ahead, Meta sees multiple ways to monetize its assistant, including scaling business messaging, introducing ads or paid content into AI interactions, and enabling users to pay for access to larger AI models. This approach differs from OpenAI, which has focused on subscriptions and enterprise solutions rather than advertising.
In addition to its generative AI efforts, Zuckerberg also expressed optimism about Meta’s smart glasses with Ray-Ban, which have been selling out in various styles and colors. He mentioned the device’s multimodal AI capabilities and the growing market for fashionable AI glasses without holographic displays.
