Meta Platforms Inc. has reported a remarkable 22% increase in advertising sales, significantly outpacing competitors like Google. CEO Mark Zuckerberg highlighted how AI has enhanced content recommendations and advertising effectiveness, contributing to this growth. The company's revenue reached $39.07 billion, with nearly all sales stemming from advertising on platforms like Facebook and Instagram.
Zuckerberg reassured investors that the substantial investments in AI are yielding immediate results, contrary to skepticism about long-term returns. Analysts noted that Meta's revamped advertising technology, bolstered by AI, has led to increased user engagement and revenue. The company plans to continue investing heavily in AI and the metaverse, anticipating further growth in the coming years.
• Meta's ad sales growth is significantly driven by AI advancements.
• Zuckerberg emphasizes immediate returns from AI investments despite long-term skepticism.
AI is central to Meta's strategy for enhancing advertising effectiveness and user engagement.
Meta's investment in generative AI is seen as a long-term strategy for future revenue opportunities.
Meta rebuilt its ad tech stack using AI to improve ad performance and user engagement.
Meta's recent earnings report showcases the effectiveness of its AI-driven advertising strategies.
Google's advertising growth is significantly lower than Meta's, highlighting Meta's competitive edge in AI utilization.
NBC New York 14month
Business Insider on MSN.com 14month
The Motley Fool on MSN.com 10month
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.