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.

Meta has sued the maker of a popular AI "nudify" app, Crush AI, that reportedly ran thousands of ads across its platforms.

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.

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’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.

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.

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

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.

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.