Tech giant Meta revealed plans to generate revenue from its proprietary generative artificial intelligence business by the end of 2023, in what comes as a competition to OpenAI and Google’s products. Although the company began its efforts in the AI scene long back in 2013, this is the first time Meta revealed a detailed plan in its AI commercialization plans. This could come as yet another reason to cheer for AI token investors in the crypto market, considering the huge demand the tokens saw in the first quarter of 2023.
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Meta Artificial Intelligence Revenue By December 2023
Andrew Bosworth, the chief technology officer of Meta, on Wednesday indicated the company’s plans in rolling out applications in AI by December 2023. Earlier, Meta announced plans to start a new organization to develop AI. The hype around generative AI intensified late in 2022, when OpenAI’s ChatGPT made massive waves in the AI chatbot space. In response, Google announced its chatbot called Google Bard in the generative AI space. Bosworth further said,
“We feel very confident that we are at the very forefront. I expect we will start seeing some of them commercialization of the tech this year. We just created a new team, the generative AI team, a couple of months ago; they are very busy.”
The CTO said efforts are on to leverage AI tools in advertising campaigns, besides the much talked about world of Metaverse. To know about leading artificial intelligence-based cryptocurrency coins, Read More..
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Source: https://coingape.com/meta-to-start-making-revenue-from-ai-led-ads-cto/