Meta forecasted it would make $1.4T in revenue from generative AI by 2035

Meta made a prediction last year its generative AI products would rake in $2 billion to $3 billion in revenue in 2025, and between $460 billion and $1.4 trillion by 2035, according to court documents unsealed Wednesday. The documents, submitted by attorneys for book authors suing Meta for what they claim is unauthorized training of the company’s AI on their works, don’t indicate what exactly Meta considers to be a “generative AI product.” But it’s public knowledge that the tech giant makes money — and stands to make more money — from generative AI in a number of flavors. Meta has revenue-sharing agreements with certain companies that host its open Llama collection of models. The company recently launched an API for customizing and evaluating Llama models. And Meta AI, the company’s AI assistant, may eventually show ads and offer a subscription option with additional features, CEO Mark Zuckerberg said during the company’s Q1 earnings call Wednesday. The court documents also reveal Me ... Read full article.