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Through the years, we created and nurtured dozens of projects that are now household names at Meta, used by dozens of teams to build better products: PyTorch, FAISS, Roberta, Dino, Llama, SAM, Codegen, Audiobox, ….

Today, as the world undergoes significant change, as the race for AI accelerates, and as Meta prepares for its next chapter, it is time to create space for others to pursue the work. I will be cheering from the sidelines, knowing that you have all the ingredients needed to build the best AI systems in the world, and to responsibly bring them into the lives of billions of people.

Following the unprecedented growth and momentum of our open source Llama collection of models and tools, we’re excited to introduce LlamaCon—a developer conference for 2025 that will take place April 29.

Quarterly Earnings ​

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We are in the fortunate position where the strong results that we're seeing in our core products and business give us the opportunity to make deep investments for the future. And I plan to fully seize that opportunity to build some amazing things that will pay off for our community and our investors for decades to come. The progress we're making on both the foundational technology and product experiences suggests that we're on the right track.

~ Mark Zurkburg

Q1 2024 ​

I think it's worth calling that out that we've historically seen a lot of volatility in our stock during this phase of our product playbook where we're investing in scaling a new product, but aren't yet monetizing it. We saw this with reels, stories as newsfeed transitioned to mobile and more and I also expect to see a multi-year investment cycle before we fully scaled Meta AI, business AIs and more into the profitable services I expect as well.

~ Mark Zurkburg

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