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Meta Platforms:Quarterly Results/2024 Q2: Difference between revisions
Meta Platforms:Quarterly Results/2024 Q2 (view source)
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== Earnings Call Summary == | == Earnings Call Summary == | ||
=== AI === | |||
* AI advances continue to improve the quality of recommendations and drive engagement across Facebook and Instagram. | |||
* Zuckerberg said during the quarter they rolled out "full screen video player and unified video recommendation service across Facebook, bringing Reels, longer videos, and live into a single experience." | |||
* Zuckerberg pointed out that their unified recommendations have increased engagement on Facebook Reels more than their move CPUs to GPUs did. | |||
* Zuckerberg pointed out that they want to move to a single unified recommendation over time. He noted that they are making good progress here. | |||
* '''In future AI will be able to generate creative for advertisers and even personalize it, Zuckerberg said.''' | |||
* '''Zuckerberg said Meta AI is on track to become the most used AI assistant by the end of the year, improving quickly both on Intelligence and features.''' | |||
* '''Business AIs are in Alpha testing with more and more businesses. Zuckerberg thinks that in future every business will have an AI agent and that will dramatically increase their business messaging revenue once at scale.''' | |||
* Zuckerberg said that in the past open compute was able to save them billions. | |||
* '''Zuckerberg pointed out that Llama 4 will use 10x more compute than Llama 3, adding that he rather invest now than wait until they are too late. "The amount of compute needed to train Llama 4 will likely be almost 10 times more than what we used to train Llama 3, and future models will continue to grow beyond that. It's hard to predict how this trend -- how this will trend multiple generations out into the future. But at this point, I'd rather risk building capacity before it is needed rather than too late, given the long lead times for spinning up new inference projects."''' | |||
=== Family of Apps === | |||
* Growth in U.S has been a bright spot. Efforts that they started a few years ago on focusing their apps more on the 18 to 29 year olds are driving good results. | |||
* '''Threads is now about to hit 200 million monthly actives'''. | |||
* WhatsApp now serves more than 100 million monthly actives in the U.S.<br /> | |||
== Management expectations and analysts estimates == | == Management expectations and analysts estimates == | ||