Meta says it will take years to make money from generative AI – but what about Apple?

9to5Mac— 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—It will take a multi-year investment cycle before Meta’s AI offerings become profitable: Insights from Meta’s Earnings Call. Zuckerberg expressed confidence in monetizing AI through methods like ads and paid access to larger models, leveraging Meta's successful history with scaled technologies.

GSMArena—Apple's Safari browser will get an AI makeover this year. Apple's getting ready to overuse the AI buzzword just like everyone else has been doing for a while, and the big AI push is also coming this year to Safari, the company's web browser, according to a new report. The next version of Safari will be AI-infused, and it's expected to launch alongside iOS 18, which means it will most likely be presented at Apple's Worldwide Developers Conference in June. Safari will get Intelligent Search, which will leverage on-device AI to identify topics and...

The Guardian—Meta says revenue will be weak as it spends even more on AI. Push to integrate AI into Meta products boosts financial results, but share prices tumble with weak sales forecastMeta’s drive to integrate artificial intelligence into its products yielded strong financial results for the second quarter in a row. The company plans to spend even more on AI in the coming months, though, and its share price slumped more than 15% as the company reported earnings Wednesday. A weak sales forecast and higher spending guidance rattled investors.Mark Zuckerberg said his...