Meta Announces New Generative AI Features for Advertisers

Meta announced last week that it has launched its first generative AI features for advertisers. The new features –Background Generation, Image Expansion, and Text Variations – will allow advertisers to generate multiple backgrounds for creative assets, seamlessly adjust images to fit different aspect ratios, and generate several versions of text based on the advertiser’s original copy.
The launch of these new features follows the announcement of the AI Sandbox earlier this year, where these generative AI features were tested among a small but diverse set of advertisers. Early results indicate that generative AI will save advertisers five or more hours per week, or a total of one month per year, allowing advertisers to create multiple asset variations with the click of a button.
As announced at Meta Connect at the end of September, businesses will also soon be able to use AI for messaging on Messenger and WhatsApp for e-commerce, engagement, and support. Meta says that these new AI-powered features are just the beginning of a suite of features that will help businesses save time marketing their products and interacting with clients on Meta’s platforms.
Author: Zach Gordon, 2023/2024 Articling Student-at-Law
Image by https://unsplash.com/@solomin_d
Expertise
Insights
-
Technology
YPlasma Is Hoping to Make the Future Cooler, Quieter and More Efficient
YPlasma Actuators Technologies S.L. (“YPlasma”), a Madrid-based startup, specializes in developing advanced plasma actuators used for de-icing, cooling, electrostimulation and more. YPlasma recently… -
Technology
IPO Success in the Digital Health Sector
Omada Health Inc. (“Omada”), a California-based virtual chronic care provider founded in 2012, recently completed an initial public offering (“IPO”) and commenced trading on the Nasdaq under the… -
Technology
June Health Launches Women’s Health-Focused Virtual Care App
June Health, a comprehensive virtual care platform built specifically to serve women’s health needs, recently announced its national launch. The app connects users with a virtual care coordinator who… -
Technology
Canadian Tech Companies Taking up Space in the European Market
Canadian tech companies have recently broken the mold and begun exploring opportunities in Europe. For the past decade, these companies were hesitant to enter the European market due to complex… -
Technology
Xatoms Launches Water Purification Pilot Projects with $3 Million in Pre-Seed Funding
Xatoms recently announced the completion of C$3 million in pre-seed funding (C$2 million in equity and C$1 million in non-dilutive grants) to begin commercializing its technology for both industrial… -
Technology
From Lab to App: NiaHealth Raises C$5.75M to Redefine Canadian Health Monitoring
The Alberta-based startup NiaHealth has secured C$5.75 million in seed funding to support its mission of transforming long-term health management for Canadians. The company is attempting to position…