Meta says AI payoff could be a few years away [Video]

Meta Platforms has been increasingly pursuing artificial intelligence and, according to CEO Mark Zuckerberg, generating significant revenue from it will take a while.

Speaking on the first-quarter earnings call Wednesday evening, Zuckerberg said the corporate parent of Facebook, Instagram, Whatsapp and Threads would invest “significantly more” to support and help grow its AI development efforts. 

“As we’re scaling CapEx and energy expenses for AI, we’ll continue focusing on operating the rest of our company efficiently, but realistically, even with shifting many of our existing resources to focus on AI, we’ll still grow our investment envelope meaningfully before we make much revenue from some of these products,” he told analysts and investors tuned into the call.

Some of Meta’s recent AI efforts have included Llama 3 and its Meta AI assistant that uses the large language model.

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