Meta's projections for its generative AI products suggest a revenue range of $2 to $3 billion this year, with long-term expectations from $460 billion to $1.4 trillion by 2035. Recent court documents indicate substantial financial commitments towards AI, displaying a budget for its "GenAI" initiatives of over $900 million for 2024, potentially rising above $1 billion this year. Despite these investments, Meta is reportedly opting to source data through unauthorized means rather than licensing agreements, sparking legal action from authors over potential copyright infringements.
Meta predicts its generative AI products could generate between $2 billion and $3 billion in revenue this year and potentially $460 billion to $1.4 trillion by 2035.
Court documents reveal Meta is investing heavily in AI, with a projected "GenAI" budget of over $900 million in 2024, potentially exceeding $1 billion this year.
Meta's budget estimates do not include the cost of licensing books, which could have been around $200 million for training data, including $100 million for books.
Meta may face legal challenges from authors claiming unauthorized training of AI on their works while pursuing less expensive and more questionable alternatives for data acquisition.
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