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Meta Platforms: Difference between revisions
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== Product & Usage == | == Product & Usage == | ||
April 6, 2023. Meta executive said that the company will commercialize its Proprietary AI by the end of this year.Andrew Bosworth, Meta's chief technology officer said its AI can improve an ad's effectiveness by availing tools to make it.He said Mark Zuckerberg and Chief Product Officer Chris Cox, are spending most of time on it<ref>https://asia.nikkei.com/Business/Technology/Meta-to-debut-ad-creating-generative-AI-this-year-CTO-says</ref>. | |||
On February 27 | On February 27 2023, Meta CEO Mark Zuckerberg announced that the company will create a new product group focused in generative AI. The group will be under the current Chief Product Officer Chris Cox. They will develop “creative and expressive” tools that will be used by Meta's products. He said, “We’re exploring experiences with text (like chat in WhatsApp and Messenger), with images (like creative Instagram filters and ad formats), and with video and multi-modal experiences.”<ref>https://www.cnbc.com/2023/02/27/mark-zuckerberg-announces-new-team-at-meta-working-on-ai-products.html</ref> | ||
On February 24 | On February 24 2023, Mark Zuckerberg announced that Meta is launching its own AI model called Llama ( "Large Language Model Meta AI). Llama is intended to assist engineers and scientists with exploration of applications for AI such as summarizing documents and answering questions. Unlike Chat-GPT 3 which has 175 billion parameters, Llama has 7 billion to 65 billion parameters, hence it is likely to be less costly to operate. Also, unlike Google's LaMDA and OpenAI’s ChatGPT models which aren't public, Llama's model will be made open to the research public.<ref>https://www.cnbc.com/2023/02/24/mark-zuckerberg-announces-meta-llama-large-language-model.html</ref> | ||
On 22 February | On 22 February 2023, Bank of America(BoFA) analysts said in a research note that Meta Verified might end up being attractive to content creators, businesses and influencers. The analysts believe that the subscription service could achieve 12 million subscribers by 2024, helping Meta score $1.7 billion “in high-margin revenue in 2024.” The note added that the subscription service could outperform that of Meta's peers considering its broader audience and larger revenue opportunity.<ref>https://www.cnbc.com/2023/02/21/meta-subscription-service-could-have-12-million-subs-by-2024-bofa.html</ref> | ||
On 20. February 2023 Meta announced that it started testing a new "verification" subscription service in Australia and New Zealand starting for $11.99 offering verifications, wider reach and custom help with accounts as well as some exclusive new unannounced features. <ref>https://about.fb.com/news/2023/02/testing-meta-verified-to-help-creators/</ref> Early results on a similar Twitter offering indicate lackluster adopt with just 180,000 U.S. Users or 0.2% of it's MAU opting to pay for the feature. <ref>https://www.engadget.com/twitter-180000-paying-subscribers-us-mid-january-075214783.html?guccounter=1</ref> | On 20. February 2023 Meta announced that it started testing a new "verification" subscription service in Australia and New Zealand starting for $11.99 offering verifications, wider reach and custom help with accounts as well as some exclusive new unannounced features. <ref>https://about.fb.com/news/2023/02/testing-meta-verified-to-help-creators/</ref> Early results on a similar Twitter offering indicate lackluster adopt with just 180,000 U.S. Users or 0.2% of it's MAU opting to pay for the feature. <ref>https://www.engadget.com/twitter-180000-paying-subscribers-us-mid-january-075214783.html?guccounter=1</ref> | ||