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CLAIM #41810 · Meta Platforms Inc. (META) · 2024Q2 earnings call · Jul 31, 2024 · due Dec 31, 2024

We don't expect our Gen AI products to be a meaningful driver of revenue in 2024.

Susan Li · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

about AI the whole time. It is because it is actually super exciting, and it is going to change all these different things over multiple time horizons. Susan Li: And Brian, I can take the second question. On the ROI part of your question, I’d broadly characterize our AI investments into two buckets; core AI and Gen AI. And the two are really at different stages, as it relates to driving revenue for our businesses and our ability to measure returns. On our core AI work, we continue to take a very ROI based approach to our investment here. We are still seeing strong returns as improvements to both engagement and ad performance have translated into revenue gains and it makes sense for us to continue investing here. Gen AI is where we are much earlier, as Mark just mentioned in his comments. We don't expect our Gen AI products to be a meaningful driver of revenue in 2024. But we do expect that they are going to open up new revenue opportunities over time that will enable us to generate a solid return off -- of our investment while we are also open sourcing subsequent generations of Llama. And we've talked about the four primary areas that we are focused here on the Gen AI opportunities to enhance the core ads business, to help us grow in business messaging, the opportunities around Meta AI, and the opportunities to grow core engagement over time. The other thing I’d say is, we are continuing to build our AI infrastructure with fungibility in mind, so that we can flex capacity where we think it will be put to best use. The infrastructure that we build for gen AI training can also be used for Gen AI inference. We can also use it for ranking and recommendatio

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SEC filings for META · Claim quote is verbatim from the 2024Q2 earnings call.