Meta AI Surpasses 500M Users, Threads Soars with 1M Daily Sign-Ups

October 31, 2024
Meta AI Surpasses 500M Users, Threads Soars with 1M Daily Sign-Ups
  • The company’s Threads app is also experiencing impressive growth, adding over one million new sign-ups daily and nearing 275 million total monthly users.

  • CFO Susan Li indicated that Meta AI is on track to become the most widely used AI assistant globally by the end of 2024.

  • Meta AI now allows users in the US, Australia, Canada, and New Zealand to upload photos for analysis and editing through text prompts, utilizing the advanced Llama 3.2 model.

  • This AI assistant is integrated across various Meta applications, including Facebook, WhatsApp, Instagram, and Messenger, with a dedicated web app available for users.

  • During the earnings call on October 30, 2024, Zuckerberg announced plans for significant spending to enhance Meta's AI infrastructure, raising the annual spending forecast to between USD 38-40 billion.

  • Advertisers are increasingly adopting Meta's AI tools, with over 15 million ads generated using generative AI in October 2024 alone.

  • Zuckerberg reported that over 3.2 billion people use at least one Meta app daily, contributing to the rapid adoption of Meta AI and its Llama model.

  • Meta's commitment to AI development is further evidenced by the ongoing development of Llama 4, which is set to be released in early 2025.

  • Zuckerberg expressed optimism about the potential for AI advancements to drive business growth and emphasized the need for continued investment in infrastructure.

  • Meta Platforms Inc. has announced that its generative AI assistant, Meta AI, has surpassed 500 million users, a milestone highlighted by CEO Mark Zuckerberg during a recent earnings call.

  • Li noted that Meta AI is frequently used for tasks such as information gathering, content discovery, and image generation, showcasing its versatility.

  • Improvements in AI-driven content recommendations have led to an 8% increase in user engagement on Facebook and a 5% increase on Instagram this year.

Summary based on 5 sources


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