Meta says its business AI now facilitates 10 million conversations a week
Meta said over 8 billion advertisers have used at least one of its gen AI tools
TL;DR
- Meta's business AI tools facilitated about 10 million conversations per week as of late March, up from 1 million at the beginning of the year.
- The company has expanded the beta program of its business AI assistant.
- Meta is not currently monetizing its business AI tools but plans to establish a long-term monetization model.
- Meta's creative AI tools are used by over 8 million advertisers, with advertisers using the video generation feature seeing over 3% higher conversion rates.
- Meta reported a first-quarter profit of $26.8 billion on revenue of $56.3 billion.