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November 19, 2024

Meta Launches Dedicated AI Division to Help 200 Million Businesses Compete in Digital Markets

Meta is making a strategic push into business-focused AI tools by creating a specialized product group aimed at the 200 million businesses using its platforms. This move signals the social media giant's commitment to expanding beyond advertising revenue into deeper business relationships.

What This Means for Businesses

The new business AI product group will be led by Clara Shih, former CEO of Salesforce AI and founder of AI-driven sales network Hearsay Social. Her role focuses on two key areas:

  • Tool Development: Creating AI solutions specifically designed for business needs
  • Business Adoption: Helping companies implement and maximize these AI tools

Key AI Tools Already Showing Results

Meta's early business AI initiatives are already delivering measurable outcomes:

  • Business AI Chatbots: Allow companies to set up automated customer service and transaction facilitation through WhatsApp and Messenger
  • AI Image Generation for Ads: Businesses using this tool see a 7% increase in conversions, according to CEO Mark Zuckerberg
  • Meta AI Assistant: Has reached over 500 million monthly active users since launching in April

The Bigger Strategy

This isn't just about new products—it's about Meta's long-term vision. As Meta VP John Hegeman explained, "We believe these latest advancements in AI represent a significant opportunity for businesses to drive more efficiencies and significantly improve the experiences they offer their customers."

The initiative builds on Meta's open-source Llama language model, which has been downloaded over 600 million times. Future tools will focus on creating deeper customer relationships beyond traditional advertising.

For business owners wondering where to start with AI, Shih notes that Meta's vision is "to make cutting-edge AI accessible to every business" — particularly those who "often don't know where to begin."

🔗 Read the full article on Axios