It will take a multi-year investment cycle before Meta’s AI offerings become profitable: Insights from Meta’s Earnings Call
by MediaNama
MediaNama— Zuckerberg expressed confidence in monetizing AI through methods like ads and paid access to larger models, leveraging Meta's successful history with scaled technologies.
MediaNama—Earnings Call: Here’s everything Google said about AI in its earnings call for the first quarter of the 2024 financial year. Google 2024 first quarter earnings call webcast revealed an 80% decrease in machine costs associated with SGE responses since the introduction of AI Search Labs
9to5Mac—Meta says it will take years to make money from generative AI – but what about Apple?. Pretty much every tech company has been investing in generative AI for the past two years, and Apple is rumored to finally bring new AI-based tools to iPhone users soon with iOS 18. However, the costs of operating such tools are quite high, and Meta has just confirmed that it will take years for the company to make money from AI. more
MediaNama—Earnings call: Meta’s Ad Revenue Hits $35.6B, emphasizes role of AI in advertising. The rise in the price of ads was driven by advertiser demand and was partially offset by impression growth from lower monetizing regions/surfaces (devices used to consume content).