Roughly 40% of the world's population uses a product from Meta Platforms. Facebook and Instagram are the company's two biggest platforms.
Meta said Monday that it is rolling out its AI studio to all creators in the U.S. to let them create personalized AI-powered chatbots.
Meta Platforms (NASDAQ: META ) stock has been through the thick and thin in the last few years. The worst phase was in 2022 when META stock lost a third of its value and plunged below $100.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is set to launch AI Studio, a new tool which will allow users to personalise and share their own AI chatbots. AI Studio will see customised artificial intelligence avatars become available, with Instagram users now able to use them to handle DMs and replies to stories, the Facebook owner revealed.
Meta Platforms Inc. shares are essentially flat over the past two months. Will Wednesday afternoon's earnings report kickstart new momentum momentum?
Meta Platforms is expected to report a 20% rise in quarterly revenue, helped by strong ad sales driven by the Olympics and elections in several countries, but investors will want to see if its spending on AI is starting to yield returns.
Meta's family of apps reaches a vast number of people across the globe. The company's reach makes it extremely valuable for advertisers.
Meta Platforms on Monday said it will roll out a new tool called AI Studio that will allow users to create, share and design personalized AI chatbots.
Meta Platforms, Inc. has emerged as a leader in AI with their open-source strategy and Llama 3.1 models, challenging closed models like OpenAI. The Llama 3.1 405B model allows developers to leverage advanced AI capabilities, leading to industry-standard adoption with key partners like Amazon and Nvidia. Despite investor concerns over CapEx, Meta's open-source strategy is expected to democratize AI access and drive innovation, making them a strong AI stock investment.
META's second-quarter 2024 revenues are expected to reflect the benefits of leveraging AI to boost engagement across its offerings.
Tech giant Met Platforms is spending billions to develop AI products. Meanwhile, the core ad business on its social media platforms is booming.