Zuckerberg says it will take Meta years to make money from generative AI

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Illustration by Alex Castro / The Verge The generative AI gold rush is underway — just don’t expect it to create profits anytime soon. That was the message from Meta CEO Mark Zuckerberg to investors during Wednesday’s call for the company’s first-quarter earnings report. Having just put its ChatGPT competitor in a bunch of places across Instagram, Facebook, and WhatsApp, much of the call focused on exactly how generative AI will become a money-making endeavor for Meta. The company is already quite profitable, having grown net income to more than $12 billion on $36.5 billion in revenue in the last quarter alone. But its revenue growth is expected to slow going forward. At the same time, it’s spending more than ever on AI and the metaverse. “Historically, investing to build... Continue reading…

Meta CEO Mark Zuckerberg stated that generative AI may not generate profits in the near future, but Meta is already profitable. Revenue growth is expected to slow down. Monetization plans for Meta AI include scaling business messaging, introducing ads or paid content, and offering paid access to bigger AI models. Zuckerberg is optimistic about the success of Meta's smart glasses with Ray-Ban.

Zuckerberg says it will take Meta years to make money from generative AI
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