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Following the popularity of ChatGPT, Meta is rushing into generative AI.
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Mark Zuckerberg said Meta will create a new “top-tier product group” focused on generative AI.
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But in the constant pursuit of the Metaverse, Meta lost about $14 billion in 2022.
After chasing the Metaverse, Meta now lives up to the AI hype.
CEO Mark Zuckerberg has created a new “top-tier product group” focused on generative AI (AI that can create content) and will “build fun experiences around this technology into all of our various products. ‘, he said. Facebook Posted on Monday.
“Long-term, we will focus on developing AI personas that can help people in a variety of ways,” he said, adding that Meta will use WhatsApp and Messenger texts and Instagram images to explore AI experiences. I added that there are.
Zuckerberg didn’t specify in the post what he meant by top level.
Meta’s foray into generative AI follows a huge rush into the technology that followed. Chatbot ChatGPT I caught a virus.big rival in technology Google, microsoft, and snapchat All have released their own versions of AI bots.
But Zuckerberg’s foray into AI followed his foray into another product, the Metaverse, a version of virtual connectivity that Zuckerberg envisions as the future of the Internet.his relentless pursuit of metaverse cost meta $13.7 billion 2022.
2021 vs 2023
But times are very different from 2021. Facebook’s parent company has announced a strategic pivot to the Metaverse. The entire tech industry is reeling from mass layoffs. companies overhiring We are currently facing a decline in demand during the e-commerce boom during the pandemic.
Meta is no stranger to these challenges.To cut costs, Meta said that in November he laid off 11,000 people, and in 2023 “Year of Efficiency”.
Meta’s Reality Labs, which builds the metaverse, will also be a target for the company’s efficiencies, Zuckerberg said in a company statement. Fourth Quarter Financial Results Announcement on February 1st. Countermeasures include: flatten the organizational structure, Just like the rest of the company.
Meta is also looking to monetize more revenue streams. has launched a paid subscription program. Facebook and Instagram called meta-validated This starts at $11.99 per month when purchased via a web browser, Zuckerberg announced last Sunday.movement — similar to twitter blue Programs — can be scraped $2 billion in revenue For Meta, according to Wall Street analysts.
Meta shares closed 0.5% higher at $169.54 on Monday, up nearly 41% so far this year.
Read the original article at business insider
