$META IS TARGETING ‘HUNDREDS OF MILLIONS’ OF BUSINESSES IN AGENTIC AI DEPLOYMENT - CNBC
Meta is targeting 'hundreds of millions' of businesses in agentic AI deployment https://t.co/rYd6g7FPyp
$META CFO: "So Meta AI is now the most used AI assistant on a monthly basis. We've got 700 million monthly users. It is embedded into all of our apps, not in Threads, but Facebook, Instagram, WhatsApp and Messenger. WhatsApp being sort of the most commonly used entry point for…
Meta has introduced a generative artificial intelligence-powered digital assistant, Meta AI, across its platforms—Instagram, Messenger, and WhatsApp—since September 2023. The company is developing a standalone application and a paid subscription model to enhance its offerings. Meta aims to attract businesses of all sizes with AI-powered chatbots on Messenger and WhatsApp, which are designed to improve customer support and drive sales. Meta's Chief Product Officer, Chris Cox, announced that Meta AI is now the most used AI assistant, boasting 700 million monthly users. This integration is part of Meta's broader strategy to target 'hundreds of millions' of businesses for agentic AI deployment, leveraging its extensive social media ecosystem. However, the company faces challenges, including complaints from businesses regarding slow customization and limited learning capabilities of its chatbots. Meta has committed to investing between $60 billion and $65 billion in AI infrastructure this year to support these initiatives.