Meta Business AI Hits 10 Million Conversations Per Week, 8B+ Advertisers Using Gen AI Tools

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Meta disclosed that its business AI now facilitates 10 million conversations per week, with over 8 billion advertisers having used at least one of its generative AI tools. Despite this, Meta shares fell ~7% after missing on user growth expectations and reporting lower-than-expected capex ($115–135B guided). Revenue climbed 33% to $56B, the fastest quarterly growth since 2021, with average revenue per person at $15.66 beating estimates.