During the first-quarter earnings call, CEO Mark Zuckerberg announced that Meta plans to integrate generative AI into all its products. The company reported a revenue of $28.6 billion and a record 2 billion daily users of the Facebook app, beating Wall Street’s estimates. Zuckerberg believes that Meta sees an opportunity to introduce AI agents to billions of people in ways that will be useful and meaningful.
Generative AI Integration
Meta plans to add generative AI to its apps, including chat experiences in WhatsApp and Messenger, visual creation tools in Facebook and Instagram, and ads. The company is exploring multi-modal experiences and video, and over time it will extend to work on the metaverse. Zuckerberg expects that the introduction of AI agents for business messaging and customer support will come once the experience is perfected. Meta has spent billions of dollars on rehauling its data centers in recent quarters to build the infrastructure it needs to support AI features.
Meta’s Plans for the Metaverse
Despite Meta’s focus on AI, the company is still committed to the metaverse. Zuckerberg confirmed that the company is not moving away from the metaverse, and the next Quest VR headset is planned to debut later this year. Meta’s Reality Labs division reported a net loss of $4 billion last quarter, and the company expects operating losses to increase year over year in 2023.
Meta is no longer behind in building its AI infrastructure, and generative AI products will be released in the coming months. The success of OpenAI’s ChatGPT has made generative AI the tech trend du jour, and Meta is racing to build competing applications, along with Google and smaller players like Snap. The integration of AI into all its products will be valuable for everyone, from regular people to creators and businesses alike.