April 14, 2024
Mark Zuckerberg explains how Meta will crush Google and Microsoft in AI – and warns Meta could cost more than $30 billion per year

Mark Zuckerberg laid out Meta’s gameplan to “play to win” against Alphabet and Microsoft in a high-stakes AI arms race. Meta’s secret weapon: its walled garden of data.

“There are hundreds of billions of publicly shared images and billions of public videos, which we estimate is more than a typical crawl data set,” Zuckerberg said on Meta’s earnings call Thursday. It was a not-so-subtle jab at competitors Google, Microsoft and OpenAI, which are training their AI models on public web data crawled by their search engines every day.

Beyond the generic AI technology that Meta is already offering in its fight against other big tech powers (including Apple, which teased on its earnings call Thursday that it will launch a generic AI product later this year) , Zuckerberg’s goal is “general intelligence”. “There is a still unproven concept of a general-purpose AI that can handle most tasks better than humans.

“We will build the most popular and advanced AI products and services. If we succeed, everyone who uses our services will have a world-class AI assistant to help them get work done,” Zuckerberg said, even as his management team completed the project. Heavy price indicated to. Metra’s capital spending could increase by $9 billion this year, to a range of $30 billion to $37 billion in 2023, compared with $28.1 billion.

And the company suggested this could be the new normal, noting that “we expect our ambitious long-term AI research and product development efforts will require increased infrastructure investments later this year.”

It’s probably no coincidence that Meta announced its first cash dividend for investors on Thursday. Strong results in Meta’s core advertising business as well as a new, 50-cent quarterly dividend ignited Meta’s stock, which rose 14.5% in after-hours trading.

Zuckerberg initially revealed his vision for artificial general intelligence in an Instagram Reels video last month. On Thursday, he expanded on the plan, calling it not just a far-out science project, but an effort that will incorporate AGI into meta products like Facebook, Instagram and WhatsApp.

“It is clear that we will need our models to reason, plan code, remember, and many other cognitive abilities to provide the best version of the services we envision,” he said. “We are playing to win here, and I expect we will continue to invest aggressively in this area.”

To realize his vision of Meta as an AI leader, Zuckerberg still has to detail how Meta user activity will be used as training data for Meta’s AI, and how the company will address user privacy. How will it resolve potential issues around it?

And it remains to be seen whether Zuckerberg’s confidence in the value of Meta’s training data is as big an advantage as he believes compared to the vast troves of web data Google uses. Google has a wealth of data from YouTube, Google Office and its search engine. Still, Google AI is closed-sourced so can only advance as fast as the engineering talent, while Zuckerberg pointed to his company’s open source Llama model as another key advantage.

Earnings aside, it’s been a big week for the head of Meta. Yesterday Zuckerberg was skewered during a US Senate hearing, where he, notably, stood up and apologized to families whose children died from the harm inflicted by social media. (Although he did not agree to compensate the families for the losses at Senator Hawley’s request.)

Although the apology may have been painful for Zuckerberg, Meta’s stock performance on Thursday boosted his net worth by $1.6 billion (according to Forbes).

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Source: fortune.com

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