CLAIM #41738 · Meta Platforms Inc. (META) · 2023Q4 earnings call · Feb 1, 2024 · due Dec 31, 2024
“And we're -- first of all, I would say that we don't expect our GenAI products to be a meaningful 2024 driver of revenue.”
Susan Li · CFO
In context
“pp and Messenger. Just talk just how you might see this unfold maybe with AI Studio and maybe timing would be helpful. Mark Zuckerberg: I don't think that the Apple thing is going to have any difference for us because I think that the way that they've implemented it, I would be very surprised if any developer chose to go into the alternative App Stores that they have. They've made it so onerous, and I think so at odds with the intent of what the EU regulation was that I think it's just going to be very difficult for anyone, including ourselves, to really seriously entertain what they're doing there. Susan, did you want to add anything? Susan Li: No. I was going to take the second question, I think, which was around the rollout of some of the GenAI features from a monetization perspective. And we're -- first of all, I would say that we don't expect our GenAI products to be a meaningful 2024 driver of revenue. But we certainly expect that they will have the potential to be meaningful contributors over time. Right now, the most near-term monetization opportunity is with our ad creative tools. We've talked about some of the places that we've been rolling those features out broadly with Text Variations and Image Expansion now globally available. And we're seeing those tools receive adoption and provide real value for advertisers even at this early stage. And we're going to keep investing in making those more useful and performant, which then leads to more advertiser adoption, and that can be sort of a virtuous feedback loop. Over a longer time frame, the GenAI features that we're bringing to business messaging, which I think was where your question originated, we think really represents a compelli”
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SEC filings for META ↗ · Claim quote is verbatim from the 2023Q4 earnings call.