The generative AI gold rush is underway — simply don’t count on it to create earnings anytime quickly.
That was the message from Meta CEO Mark Zuckerberg to buyers throughout Wednesday’s name for the corporate’s first-quarter earnings report. Having simply put its ChatGPT competitor in a bunch of locations throughout Instagram, Fb, and WhatsApp, a lot of the decision centered on precisely how generative AI will turn out to be a money-making endeavor for Meta.
The corporate is already fairly worthwhile, having grown web revenue to greater than $12 billion on $36.5 billion in income within the final quarter alone. However its income progress is anticipated to gradual going ahead. On the similar time, it’s spending greater than ever on AI and the metaverse.
“Traditionally, investing to construct…
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