Meta CEO Mark Zuckerberg outlined the company’s commitment to its metaverse vision and artificial intelligence (AI) during the company’s Q2 earnings call. Zuckerberg stated that “the two technological waves that we’re riding are AI in the near term and the metaverse over the longer term.”
Zuckerberg pointed to the company’s investments in AI, which he said are “clearly paying off across our ranking and recommendation systems and improving engagement and monetization.” He also announced that Meta is developing new products using an AI system called Llama, which will work across the company’s services to enhance the user experience.
In terms of the metaverse, Zuckerberg said that Meta is “focused on the intersection of AI and the metaverse.” He noted that the company is working on developing new hardware and software for the metaverse and that it is also investing in research and development in this area. While Meta is facing financial challenges, Zuckerberg said that the company remains committed to investing in AI and the metaverse. He said that these are “significant long-term opportunities” for the company and that Meta is “optimistic about the future.”