Meta Platforms:Quarterly Results/2024 Q3: Difference between revisions

Meta Platforms:Quarterly Results/2024 Q3 (view source)

Revision as of 10:19, 31 October 2024

1,748 bytes added , 31 October 2024

→‎Earnings call summary

VisualWikitext

Aron

Administrators

6,294

edits

@@ Line 6: / Line 6: @@
 Sources: [https://seekingalpha.com/article/4731243-meta-platforms-inc-meta-q3-2024-earnings-call-transcript Q3 2024 Meta Platforms Earnings Call Transcript] | [https://events.q4inc.com/earnings/META/2024 Q3 2024 Meta Platforms Webcast]
-=== Meta AI ===
+=== Artificial Intelligence (AI) ===
-* CEO Mark Zuckerberg said they are seeing rapid adoption of Meta AI and Llama, which are becoming industry standards.
+==== Core AI ====
+* CEO Mark Zuckerberg said improvements to their AI driven feed and video recommendations have driven a 8% increase in time spent on Facebook and 6% in Instagram this year alone.
+* Last month, more than a million advertisers used Gen AI tools to create more than 15 million ads, Zuckerberg said.
+* Businesses that use image generation tools see a 7% increase in conversion and there is likely to be more upside, Zuckerberg pointed out.
+*
+==== Meta AI ====
+* Zuckerberg said they are seeing rapid adoption of Meta AI and Llama, which are becoming industry standards.
+*Zuckerberg pointed out that Meta AI now has more than 500 million monthly actives.
+==== Llama ====
+* Zuckerberg  said Llama token usage has grown exponentially this year.
+* Zuckerberg said he is excited on Llama 4 which is under development. He added that Llama 4 is being trained on a cluster that is bigger than 100,000 H100s or bigger than clusters of competitors.
+* Zuckerberg indicated that smaller Llama 4 models will probably be ready early next year and they are going to be a big deal on several areas such as new modalities capabilities, stronger reasoning and much faster.
+* Zuckerberg said it has become clear to him that new AI will be incremental to the core business. "It's clear that there are a lot of new opportunities to use new AI advances to accelerate our core business that should have strong ROI over the next few years, so I think we should invest more there."
+*
+=== Capital expenditures ===
+* Zuckerberg said it's clear that their AI infrastructure requires serious investments.
 *
 === Family of Apps ===
 * Mark Zuckerberg said U.S remains the fastest-growing country for WhatsApp.
-* Zuckerberg said they continue to see good adoption of Facebook among young adults in U.S.
+* Zuckerberg said they continue to see positive trends among young adults on Facebook in U.S.
+* Zuckerberg pointed out that global growth remains strong at Instagram.
+* Zuckerberg said Threads now has 275 million monthly actives. That it's achieving more than 1 million signups per day. He added that engagement at Threads is growing too.
 * <br />