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Mark Zuckerberg just declared war on the entire advertising industry

The Verge

The Verge · 2m ago

Mark Zuckerberg just declared war on the entire advertising industry

Meta CEO Mark Zuckerberg envisions AI transforming advertising by creating an "infinite creative" system. In this model, businesses would just set objectives and link bank accounts, while Meta's AI handles ad creation, targeting, and measurement. This could disrupt the current advertising ecosystem by reducing the need for creative input from agencies. However, industry leaders express concerns over brand safety and trust in AI-driven results, foreseeing significant changes in the platform economy.

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Mark Zuckerberg was blown away by a visit to a Japanese McDonald's and joked that it was so good it should have a Michelin star

Business Insider

Business Insider · 1y ago

Mark Zuckerberg was blown away by a visit to a Japanese McDonald's and joked that it was so good it should have a Michelin star

During his visit to Japan, Mark Zuckerberg, CEO of Meta, visited a McDonald's and declared it worthy of a Michelin star. He posted pictures on Instagram, showing himself and his wife enjoying their meal, which consisted of various items including burgers, fries, and drinks. Zuckerberg is currently on a tour of Asia, conducting business meetings and engaging in personal activities such as attending a lesson with a Japanese sword master. He will also be visiting South Korea and India during his trip. Zuckerberg has been known for his eclectic hobbies, which include raising cattle and training in martial arts.

Former DreamWorks CEO Jeffrey Katzenberg co-leads $15.5M Series A for AI video ad platform

TechCrunch · 2m ago

Former DreamWorks CEO Jeffrey Katzenberg co-leads $15.5M Series A for AI video ad platform

DreamWorks co-founder Jeffrey Katzenberg’s venture fund WndrCo co-led a $15.5 million Series A round for Creatify, an AI video ad platform. Creatify’s AdMax uses AI to generate video ads targeting social media marketing, analyzing successful campaigns on platforms like TikTok and Instagram. Prominent industry figures like Meta CEO Mark Zuckerberg are also exploring AI in advertising, aiming to automate ad creation significantly. Katzenberg’s investment track record includes both successes and notable failures like Quibi.

Elon Musk goes off on Disney CEO Bob Iger, says he should be 'fired immediately'

Business Insider

Business Insider · 1y ago

Elon Musk goes off on Disney CEO Bob Iger, says he should be 'fired immediately'

Elon Musk continues his feud with Disney CEO Bob Iger, stating that Iger should be fired immediately and that Walt Disney would be appalled by what Iger has done to the company. Musk's comments came in response to news that New Mexico's attorney general had filed a lawsuit against Meta and its CEO Mark Zuckerberg, alleging that their social networks were not doing enough to protect children from exploitation. Musk also accused Disney of advertising on Meta, despite pulling their ads from his platform. This is just the latest in a string of attacks by Musk on advertisers who have left his platform.

Meta's Threads to test direct messaging feature in select markets

Economic Times

Economic Times · 2m ago

Meta's Threads to test direct messaging feature in select markets

Meta Platforms is launching direct messaging on its Threads app in select markets like Hong Kong and Thailand, aiming to attract more users without relying on Instagram's messaging. CEO Mark Zuckerberg said the messages wouldn't be encrypted initially. Launched in 2023 as a Twitter competitor, Threads has over 350 million active users. Meta is expanding advertising on Threads globally, though it doesn't foresee significant revenue growth from the app by 2025.

Mark Zuckerberg to get $700 million annually from Meta’s new dividend

Livemint

Livemint · 1y ago

Mark Zuckerberg to get $700 million annually from Meta’s new dividend

Social media giant Meta Platforms Inc. has declared its first dividend, with CEO Mark Zuckerberg expected to receive approximately £700 million per year. The company will pay a quarterly cash dividend of 50 pence per share for Class A and B common stock, starting in March. This move indicates Meta's confidence in its growth potential, as many tech firms typically reinvest earnings rather than paying dividends. Despite regulatory challenges, Meta continues to invest in AI initiatives.

Top AI talent attracted not just by paycheques: Meta CEO Mark Zuckerberg - The Economic Times

Economic Times

Economic Times · 1m ago

Top AI talent attracted not just by paycheques: Meta CEO Mark Zuckerberg - The Economic Times

Meta CEO Mark Zuckerberg asserts that top AI researchers are drawn to the company not just for lucrative pay but for the autonomy and access to superior compute power. He highlighted that researchers prefer small, well-equipped teams and the chance to build from scratch. Meta offers high GPU availability and substantial computing clusters, providing a strategic advantage. This environment allows researchers more leverage, which Zuckerberg believes is an underrated aspect attracting talent.

Meta's year of bold 'superintelligence' bets unlikely to pump profits - The Economic Times

Economic Times

Economic Times · 1m ago

Meta's year of bold 'superintelligence' bets unlikely to pump profits - The Economic Times

Meta faces pressure as it pursues advanced AI investments under CEO Mark Zuckerberg amidst slow profit growth. The company's spending on AI research, including talent acquisition, is rising, putting additional strain on financial returns. Despite supporting Meta's AI drive, investors remain cautious about increased capital expenditures and competition from rivals like OpenAI and Alphabet. Challenges in the advertising market and intense competition from platforms like TikTok further complicate Meta's ambitious superintelligence goals.

Meta to let AI handle entire Ad creation and targeting by 2026: Report

YourStory

YourStory · 2m ago

Meta to let AI handle entire Ad creation and targeting by 2026: Report

Meta Platforms is developing AI tools to enable brands to fully automate ad creation and targeting by 2026, as reported by The Wall Street Journal. This includes handling product images and budgets, offering personalized ad versions, and real-time ad variations based on factors like geolocation. CEO Mark Zuckerberg emphasized the need for scalable AI tools delivering measurable results. This initiative aims to bolster Meta's position in digital advertising amidst competition from companies like TikTok and Amazon.

Sergey Brin personally called a Google employee to convince them to turn down a job at OpenAI: report

Business Insider

Business Insider · 1y ago

Sergey Brin personally called a Google employee to convince them to turn down a job at OpenAI: report

Google cofounder Sergey Brin reportedly made a personal phone call to convince an employee to stay at the company instead of joining OpenAI. This move is part of the ongoing battle for AI talent among major tech companies, with some even offering high salaries and job offers without interviews. Meta CEO Mark Zuckerberg has been sending personal emails to Google's DeepMind researchers and Meta's stockpile of Nvidia H100 chips is seen as a valuable recruiting and retention tool in the AI talent war.

Mark Zuckerberg Net Worth: Meta CEO adds maximum wealth, gets richer by ₹6.2 lakh crore in 2024 | Mint

Livemint

Livemint · 11m ago

Mark Zuckerberg Net Worth: Meta CEO adds maximum wealth, gets richer by ₹6.2 lakh crore in 2024 | Mint

- Mark Zuckerberg's net worth has increased by $74.7 billion in 2024, making him the world's third-richest person with a net worth of $203 billion. - Jensen Huang, CEO of NVIDIA, has seen his net worth grow by $60 billion this year, making him the 14th-richest person globally with a net worth of $104 billion. - Oracle CTO Larry Ellison's net worth has increased by $57 billion in 2024, making him the fifth-richest person in the world with a net worth of $180 billion. - Elon Musk's net worth has grown by $33 billion this year, placing him fourth on the list of Year to Date growth in wealth. - Mark Zuckerberg sees Meta as a technology company that will continue to focus on building the underlying technology platform rather than just being an app company. He aims for Meta to create impressive innovations and push the industry and world in different directions.

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