Articles for tag: AI Assistant, Consumer Technology, Llama Model, Mark Zuckerberg, Meta AI, social media, User Engagement

November 1, 2024

Meta AI reaches 500 million users in a year, with Zuckerberg emphasizing aggressive investments to dominate the consumer AI landscape.

Meta AI, launched just a year ago, now has over 500 million active users, showcasing Meta’s commitment to enhancing artificial intelligence. CEO Mark Zuckerberg highlighted its potential to become the top AI assistant globally by year-end. CFO Susan Li emphasized their aim to dominate the consumer AI Market, despite anticipated increases in capital spending for ...

October 31, 2024

Market News

Mark Zuckerberg reveals Meta’s rapid AI infrastructure growth amid rising costs, surprising investors as expenses increase for 2024.

Mark Zuckerberg, CEO of Meta Platforms Inc., expressed surprise at the rapid development of the company’s AI data centers during a recent earnings call. He noted that the quick setup of servers and infrastructure has contributed to rising costs, prompting Meta to increase its 2024 capital expenditure forecast to between $38 billion and $40 billion. ...

October 28, 2024

Market News

Zuckerberg’s Meta shifts focus from the metaverse to AI, showing promise amidst skepticism and previous struggles, igniting dramatic transformation.

Three years ago, Facebook transformed into Meta, with Mark Zuckerberg envisioning a future of virtual worlds. While spending billions on the metaverse, Meta faced skepticism and lukewarm consumer interest. The breakthrough came in late 2022 with the rise of generative AI, prompting Zuckerberg to pivot focus. His AI investments have started yielding positive results, significantly ...

October 28, 2024

Market News

Meta, once Facebook, shifts focus from the metaverse to AI, navigating skepticism and restoring power amid industry transformations.

Meta, formerly Facebook, began as a platform to connect Harvard students and has evolved over the years. In October 2021, Mark Zuckerberg rebranded the company, emphasizing a shift towards the metaverse—a virtual world for social interaction. However, following the rise of artificial intelligence, Meta has pivoted its focus to AI technologies. Despite impressive investments in ...