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CLAIM #41741 · Meta Platforms Inc. (META) · 2023Q4 earnings call · Feb 1, 2024 · due Dec 31, 2024

We're hearing good feedback from the businesses testing them, and we expect to make progress this year as we expand our tests further.

Susan Li · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

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 compelling opportunity. We're testing AI chats on a very small scale today with a few businesses, but it will take time to continue making those AIs increasingly useful. We're hearing good feedback from the businesses testing them, and we expect to make progress this year as we expand our tests further. I'd say one other thing is just on the consumer side, again, we think GenAI can make it easier for people to produce compelling content across all of our apps, including our messaging apps. And our AI assistant certainly provides also added utilities. So in all of these areas, I would say, we're following our typical playbook of testing and tuning the experiences until they're very good, and then we'll invest in growth and eventually explore monetization. Operator: Your last question comes from the line of Ross Sandler from Barclays. Ross Sandler: Mark, just curious what you're seeing with Meta AI at this stage. You talked about rapid iteration of that, given your large audience. So yes, I guess, what's going on, thus far? Which of the apps in the Family of Apps have seen engagement incre

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SEC filings for META · Claim quote is verbatim from the 2023Q4 earnings call.