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Meta Platforms says Meta AI rollout is going well
The Fly

Meta Platforms says Meta AI rollout is going well

Says tens of millions of people have already tried Meta AI. Says Meta AI now creates animations from still images. Says pleased with Llama 3. Says scaling cape and energy expenses for Ai. Says will still grow investment envelope meaningfully before making revenue from these new products. Says expects to see multiyear investment cycle before fully scaling. Says 30% of posts on Facebook and 50% of posts on Instagram feed are AI recommended. Says will continue to carefully manage headcount. Says meaningful market for fashionable AI glasses without holographic display. Comments taken from Q1 earnings conference call.

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