- Meta Platforms, formerly known as Facebook, is exploring the development of artificial intelligence (AI) products to assist creators in connecting with their fans.
- CEO Mark Zuckerberg mentioned the potential use of AI agents or chatbots to facilitate interactions between creators and their audiences.
- The company aims to create experiences that enable people to connect with the creators they admire and help creators build and nurture their communities.
- The specific AI products and features that Meta Platforms plans to develop for this purpose were not disclosed.
- This move aligns with Meta's broader strategy of focusing on the creator economy and enhancing user experiences on its platforms.
- Meta is planning to roll out AI-powered chatbots with different personas on its social media platforms.
- The chatbots are designed to have humanlike conversations and will launch as early as next month.
- Meta sees the chatbots as a way to boost engagement and collect more data on users.
- The chatbots may raise privacy concerns.
- Snapchat has also launched an AI chatbot, but faced criticism and concerns.
- Mark Zuckerberg mentioned that Meta is building new AI-powered products and will share more details later this year.
- More details on Meta's AI roadmap are expected to be announced in September.
- Meta reported 11% year-over-year revenue growth.
Meta Platforms is bolstering its position as a contender in the artificial intelligence industry, aided by news of its ambitions in this rapidly growing sector, resulting in a rise in the company's stock and support from Nvidia.
Meta Platforms is developing a new artificial intelligence system that aims to be as powerful as OpenAI's most advanced model, with plans to release it next year to help other companies generate sophisticated text and analysis.
Meta Platforms (META) has leveraged the metaverse and the AI boom to secure a spot on the IBD 50 and IBD Leaderboard, joining other AI companies like Nvidia, Microsoft, Alphabet, and Amazon.com. Meta Platforms has released Code Llama, a large language model aimed at innovating in generative AI and making workflows faster for developers, further solidifying its partnership with Microsoft.
Meta Platforms (META) is set to detail its metaverse and artificial intelligence efforts at its Connect conference, with analysts expecting a positive impact on the stock as it forms a cup-with-handle base and offers an early entry point above its September 20 high of 308.06.
Meta plans to release personality-driven AI chatbots across various platforms to attract young users, with the first bots expected to launch this week. The bots will be available on social media sites such as Instagram, Facebook, and Whatsapp and aim to increase chat engagement while providing potential productivity tools. Internal documents reveal bots like "Bob the Robot" and "Alvin the Alien," with the former designed to resonate with young people through farcical humor and the latter potentially collecting personal information. Meta's move to target younger users comes in response to TikTok's popularity, and they are also reportedly developing chatbot tools for celebrities.
Meta Platforms (META) stock has a strong setup, with two buy points in reach, ahead of this week's Connect conference where the parent company of Facebook and Instagram is set to unveil its new virtual-reality headset, generative AI tools, and more.
Meta is preparing to showcase new XR devices such as the Meta Quest 3 VR headset and second-gen Ray-Ban smart glasses, along with new generative AI chatbots, at its annual Connect event, while also emphasizing the role of AI in its vision for the metaverse.
Meta is entering the AI chatbot competition with its own assistant and a range of AI characters, offering features such as real-time web results through a partnership with Microsoft's Bing and generating images via prompts, with the aim of providing a conversational and immersive user experience.
Meta CEO Mark Zuckerberg introduced new artificial intelligence tools, celebrity-endorsed digital assistants, and innovative products like the Quest 3 VR headset and Ray-Ban smart glasses during the Meta Connect conference, aiming to boost the development of the metaverse.
Meta's annual Connect conference introduced new hardware, including the Meta Quest 3 headset with improved passthrough tech, higher resolution displays, and better graphics, as well as features such as Xbox Cloud Gaming, Emu image generation, Ray-Ban smart glasses, and Meta AI-powered bots for messaging apps.
Meta Platforms, Inc. (NASDAQ:META) is expected to benefit from the AI wave and the personal AI assistant category, presenting a potentially large market opportunity for the company through advertising or subscriptions. Despite the continued spending on the Metaverse and the potential for AR/VR devices to be sold at a loss, Meta remains cheap compared to other tech giants, and the stock is poised for growth.
Meta's Connect keynote focused heavily on the introduction of new AI features, signaling a shift away from the metaverse, which has faced financial challenges and criticism, but AI will still play a significant role in Meta's hardware and the future of the metaverse.
Meta Platforms showcased its new generative AI tools, including AI assistants, chatbots, and image generators, which could increase engagement with its apps and drive revenue for its messaging businesses, potentially propelling the company back into the $1 trillion club.
Meta CEO Mark Zuckerberg discussed the company's metaverse strategy at the Meta Connect 2023 event, highlighting the importance of AI in their products and partnerships with Qualcomm. The newly announced Quest 3 headset offers improved features but faces challenges due to its higher price compared to its predecessor. Meta's Ray-Ban smart glasses have seen improvements and the company is focused on expanding its services and enterprise applications. AI is also a key focus for Meta, with the inclusion of AI assistants and the establishment of an AI Studio for developers. Overall, Meta aims to deliver high-quality hardware and improve user experiences in the XR space.
Main topic: Growth and future prospects of Meta's Threads app and Meta's focus on generative AI.
Key points:
1. Threads app has "just under" 100 million monthly active users, and Mark Zuckerberg believes there is a "good chance" it could reach 1 billion users in the next few years.
2. The app initially faced engagement issues, but Meta has been adding new features, resulting in increased engagement, including attracting former "power users" from X.
3. Meta is increasingly focused on generative AI and plans to deprioritize non-AI projects, while continuing to invest in the metaverse, despite heavy losses in the AR and VR division.
