Quarterly financials season is underway, with Meta announcing its Q3 numbers overnight. The company posted $51.24bn of revenues last quarter, up 26% year-on-year. 3.54 billion people are now using its family of apps every day, up 8% year-on-year. And Meta now employs more than 78,000 people across the world.
CEO Mark Zuckerberg revealed a new milestone for Instagram’s Threads app too, telling analysts that it “recently passed 150 million daily actives”. That’s hot on the heels of reaching 400 million monthly active users in August.
Zuckerberg also made it clear that GenAI content is only going to increase on Meta’s services – with the company’s full encouragement. “Social media has gone through two eras so far. First was when all content was from friends, family, and accounts that you followed directly. The second was when we added all the creator content,” he said. “Now, as AI makes it easier to create and remix content, we’re going to add yet another huge corpus of content on top of those.”
Zuckerberg also predicted that AI ‘superintelligence’ may arrive in 5-7 years – or sooner. Perhaps when it does, the superintelligence’s first action will be to tell Meta’s boss to dial down the AI-slop pumping into people’s feeds…
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‘ Some details of this article were extracted from the following source musically.com ’
