Social media giants Meta (META) and Bytedance-owned TikTok have announced a new set of AI tools that can generate professional video ads by inputting pictures and text, according to a report by Bloomberg.

We catch up with the boss of the tech company’s global business group at Cannes Lions following its most recent AI update for advertisers.

Meta Platforms Inc, the owner of Facebook and Instagram, is pushing deeper into AI-generated advertisements in a bid to make it cheaper and simpler for marketers to craft their messages.

Meta’s massive AI investments lift its stock, but rising valuations and macro risks prompt questions about how long the rally can last.

Meta Platforms stands out as a top AI stock because of its attractive valuation. With a forward price-to-earnings ( P/E) ratio of 25, Meta trades at a large discount to its Magnificent Seven peers, including Apple, Amazon, Microsoft, and Nvidia, which average an earnings multiple closer to 32.

Staying in the AI race is crucial for Meta, Google, Amazon and Microsoft, with the technology likely to be the future for the industry.

Will Cathcart, head of Meta's subsidiary, announced the launch of WhatsApp channels with subscriptions and advertising. He says the rollout of artificial intelligence does not compromise the privacy of encrypted messaging.

Meta's AI leadership fuels growth in advertising and engagement, but recession risks may impact 2025 revenue. See why we are neutral on META stock.

Oppenheimer analysts raised their price target for Outperform-rated Meta Platforms (NASDAQ:META) shares to $775 from $665 in a note Monday, citing a “better than feared” macro and advertising environment.

Meta has sued the maker of a popular AI “nudify” app, Crush AI, that reportedly ran thousands of ads across Meta’s platforms. In addition to the lawsuit, Meta says it’s taking new measures ...

Meta's new generative AI tools for its Advantage+ platform signal a deeper push into full ad automation, a vision met with skepticism over past performance and brand safety concerns.