![]() Zuckerberg’s metaverse push was a weak point in an otherwise strong slate of quarterly results. User time spent on Instagram has increased by more than 24% - a trend Zuckerberg attributed to AI-powered recommendations for Reels, the company’s answer to TikTok’s video feed. MetaĪ notable example of a tool powered by so-called “generative AI” is ChatGPT, the immensely popular chatbot released last year by Microsoft-backed OpenAI. Mark Zuckerberg said Meta is still focused on the metaverse. ![]() Zuckerberg said Meta’s work on AI is divided into two key areas - a “massive recommendations and ranking infrastructure” tied to core features such as feeds, Instagram Reels and digital ads, and “new generative foundation models” that are enabling entirely new classes of products and experiences. We’ve been focusing on both AI and the metaverse for years now, and we will continue to focus on both,” he said. “A narrative has developed that we’re somehow moving away from focusing on the metaverse vision, so I just want to say up front that that’s not accurate. Getty Imagesĭuring the conference call, Zuckerberg pushed back on assertions that the company is putting the metaverse on the back burner - after a lukewarm reception from investors and the public - in favor of developing AI. Meta is pouring more money into its AI projects. Meta shares surged nearly 15% in early trading on Thursday. The tech giant reported first-quarter revenue of $28.65 billion and earnings per share of $2.20. “I think there’s an opportunity to introduce AI agents to billions of people in ways that will be useful and meaningful,” Zuckerberg added, noting that Meta is exploring potential implementations of AI technology ranging from customer service to “chat experiences” in its WhatsApp and Messenger apps. “It’s been a pretty amazing year of progress on this front, and the work happening now is going to impact every single one of our apps and services,” Zuckerberg said regarding Meta’s push into AI technology. Zuckerberg spent six minutes of his opening remarks talking about Meta’s AI projects during the company’s first-quarter earnings call on Wednesday - compared to just 90 seconds on the metaverse, according to Bloomberg. Meta boss Mark Zuckerberg spoke glowingly about the company’s ambitions for artificial intelligence as the Facebook and Instagram parent reported a stronger-than-expected quarter - despite its metaverse division losing nearly $4 billion. Meta may allow Facebook, Instagram users in Europe to pay to avoid ads: reportĮlon Musk slams Facebook for ‘manipulating the public almost everywhere on Earth’įacebook users have only days left to file claim for share of $725M settlement 15, and manager conversations about bonuses and promotions happen in March - both of which could be factors in workers’ potential decisions to leave, according to another person familiar with the company’s plans.Meta’s return-to-office edict takes affect as employees report to work ![]() He added that based on his life experience, transitioning to a four-day work week would not be productive. He also encouraged exhausted employees to use their vacation days. The social media giant is thinking of offering long weekends, Zuckerberg said, responding to a question on burnout. Meta is already talking about ways to retain staff amid the stock rout. He said he might tear up because he’d scratched his eye - not because of the topics up for discussion. Zuckerberg appeared red-eyed and wore glasses, the person said. Zuckerberg echoed his remarks of a day earlier to investors, telling employees that the social networking giant faced an “unprecedented level of competition,” with the rise of TikTok, the short-video platform Facebook doesn’t own. Bloomberg reports: At a company-wide virtual meeting Thursday, Zuckerberg explained that the historic stock drop was a result of Meta’s weak forecast for revenue in the current quarter, according to a person who attended and was not authorized to speak about it. Meta Chief Executive Officer Mark Zuckerberg rallied his employees to focus on video products, after they watched the stock lose a quarter of its value. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |