Mark Zuckerberg talks about Meta's recent balance and points out withprometeaming with metaverse and AI

AI played a significant role in the growth of quarterly monetization, according to the CEO. The stimulation generated by posts offered by artificial intelligence based on users' tastes meant that Instagram and Facebook Reels had an increase in engagement of more than 30% and 40%, respectively.

Goal records increase in sales in the first quarter of 2023; metaverse division retreats but remains active

Meta announced its financial results for the first quarter of 2023, presenting an unexpected increase in sales and surprising investors. The company had made more than 11 job cuts as part of its recent restructuring efforts.

During the earnings call, Meta CEO Mark Zuckerberg highlighted two major technological waves that are driving the company's plans: the current wave of AI and the next wave of the metaverse.

Meta's AI initiatives are focused on two key areas: a robust recommendation and ranking infrastructure and new generative foundation models. Mark further pointed out that Meta takes an open approach to AI, with many of its state-of-the-art models available open source for experimentation and building.

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Innovation Day: Meta tries to demystify the metaverse and reinforces long-term bets

This Friday (28), Meta held its annual event, Meta Innovation Day, which presented the company's trends and recent bets on the market. The main topic of the conversations was the metaverse, big tech's main bet in the long term, even though it is a speculative topic.