This cautious forecast comes despite Meta’s profitin the first quarter – net profit of $12 billion on revenue of $36.5 billion. However, as revenue growth is expected to slow down, Meta is making significant investments in artificial intelligence and metadatabases, and is looking for new avenues for future growth.
Zuckerberg highlights the long-term potential of generative AI by comparing it to previous successful investments in features like Stories and Reels. It highlights the positive results from the first interaction with the Meta* AI assistant, which has been used by “tens of millions” of people since its launch. But the real question remains: Will users keep coming back and finding value in the AI social media assistant?
*Belongs to Meta, who is recognized as an extremist and banned in the Russian Federation
Source: Ferra
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
