Meta CEO Mark Zuckerberg: 'More Than 50% Of The Content People See On Instagram Is Now AI Recommended'
Portfolio Pulse from Ananya Gairola
Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg announced that over 50% of Instagram content and 30% of Facebook posts are AI-recommended. This statement was part of Meta's Q1 financial results, revealing a 27% revenue increase to $36.45 billion, surpassing estimates. AI has significantly boosted advertiser value, with AI-powered tools revenue doubling. Meta also introduced new user controls and labels for AI-generated content to enhance transparency and user engagement.
April 25, 2024 | 1:54 am
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Meta Platforms, Inc. (NASDAQ:META) reports a 27% revenue increase in Q1, with significant contributions from AI-recommended content and AI-powered advertising tools.
The positive earnings report and the successful integration of AI in both user experience and advertising tools indicate a strong performance and future growth potential for Meta. The surpassing of revenue and EPS estimates, along with the doubling of revenue through AI-powered tools, suggests a positive short-term impact on Meta's stock price.
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RELEVANCE 100