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Meta Platforms:Quarterly Results/2023 Q4: Difference between revisions
Meta Platforms:Quarterly Results/2023 Q4 (view source)
Revision as of 09:33, 2 February 2024
, 2 February 2024→Summary of the earnings call
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* Zuckerberg said they learnt a great lesson when they underbuild Reels GPU and that they are not going to repeat the mistake. | * Zuckerberg said they learnt a great lesson when they underbuild Reels GPU and that they are not going to repeat the mistake. | ||
* Zuckerberg expects the training and operation of AI models to be compute-intensive, "roughly 10x the amount of compute each year." | * Zuckerberg expects the training and operation of AI models to be compute-intensive, "roughly 10x the amount of compute each year." | ||
* Meta will continue to open source general infrastructure but keep specific products proprietary. | |||
* Benefits of open source infrastructure include (1) safer, more secure and more efficient (2) It makes integration of newer innovations into their product easier once open sourcing becomes industry standard (3) Open sourcing is highly popular among developers and researchers, hence helping them recruit the best people. | |||
* Meta is also working on long-term products such as Llama 5, 6, and 7. | |||
* '''The company will leverage its huge number of users to train its AI products. "On Facebook and Instagram, there are hundreds of billions of publicly shared images and tens of billions of public videos, which we estimate is greater than the Common Crawl dataset and people share large numbers of public text posts in comments across our services as well," Zuckerberg said. But even more important than the upfront training corpus is the ability to establish the right feedback loops with hundreds of millions of people interacting with AI services across our products."''' | |||
* Zuckerberg said they are rolling out Meta AI, AI Studio and Ray-Ban Meta smart glasses more widely in the coming months but monetization normally starts once they reach hundreds of millions or billions of people. | |||
=== Reels === | |||
* Reels are being reshared 3.5 billion times each day. | |||
* Reels is now contributing to net revenue across Meta's apps. | |||
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=== Metaverse === | |||
* Zuckerberg said they will continue investing heavily in Metaverse. | |||
* Zuckerberg still believes in the Metaverse. "But I still expect this next generation of AR, MR, and VR computing platforms to deliver a realistic sense of presence that will be the foundation for the future of social experiences and almost every other category as well," he said. | |||
* Horizon is now one of the top 10 most used apps in Quest. | |||
* Its in-house developed game, Asgard's Wrath 2 received IGN’s 10/10 ‘masterpiece’ rating. | |||
* Their focus in 2024 is growing their mobile version of Horizon and VR. | |||
* Ray-Ban Meta smart glasses seeing high demand and engagement. Their engagement and retention are significantly higher than the first version. | |||
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