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Facebook (FB) Messenger's "M" To Pop Up Suggestions Now
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Facebook's artificial intelligence (AI) powered voice assistant, M for Messenger will now help users with suggestions to improve their communication experience on the app. For the time being, Suggestions from M will be available to users across United States, with global launch in the near term.
Per the blog post, M is capable of suggesting things “when it recognizes intent in a conversation” like suggesting stickers or paying/requesting money. Moreover, M will help you get a cab by giving Lyft and Uber options if you talk about going somewhere. It will pop up suggestions to share your location and also help if people are making plans to get together. “And M learns: the more you use it, the more it can help. You always have the option to ignore or dismiss a suggestion if it’s not helpful, and if you don’t want M’s assistance you can easily mute it in M settings,” the blog post further added.
For Messenger users worldwide, Facebook updated the app so that they can now have better access to visual messaging tools as well as sending video and images from text with a long press. The new “more” tab will enable easy access to Games, Payments, Share Location and Rides, adds the blog post.
Touching upon the issue of protecting user information while talking to Recode, Facebook’s head of messaging products David Marcus was quoted saying, “These are private conversations and we take this very seriously.” Marcus added further that no human being will have access to the data sourced by AI.
Messenger is Facebook’s third platform with one billion plus users. The social media platform is aggressively working on monetizing the opportunities presented by its subsidiaries. Chatbots and “conversational commerce” are likely to be the strategies for Messenger and WhatsApp. The company remains pretty excited as it opened the Messenger app to developers to create chatbots. These chatbots will enable businesses to extend customer service and other transactions. Chatbots is the new buzz word in the tech space as they could serve as a powerful strategy to monetize the platform.
Moreover, AR/VR is the next big technological innovation along with AI technology. According to a recent IDC report, global revenues of the AR/VR market are expected to grow at a CAGR of 198% from a period of 2015-2020 to $143.3 billion by 2020. Meanwhile, global revenues of the Cognitive & AI market are expected to grow at a CAGR of 54.4% to over $46 billion by 2020. As a result, not just Facebook, but all big tech behemoths, including Microsoft (MSFT - Free Report) , Alphabet Inc (GOOGL - Free Report) as well as Amazon.com Inc (AMZN - Free Report) , are trying to grab a share of this lucrative market.
In the past one year, Facebook’s shares have generated a return of 24.16%, compared with the Zacks Internet Services industry’s return of 7.26%.
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Facebook (FB) Messenger's "M" To Pop Up Suggestions Now
Facebook's artificial intelligence (AI) powered voice assistant, M for Messenger will now help users with suggestions to improve their communication experience on the app. For the time being, Suggestions from M will be available to users across United States, with global launch in the near term.
Per the blog post, M is capable of suggesting things “when it recognizes intent in a conversation” like suggesting stickers or paying/requesting money. Moreover, M will help you get a cab by giving Lyft and Uber options if you talk about going somewhere. It will pop up suggestions to share your location and also help if people are making plans to get together. “And M learns: the more you use it, the more it can help. You always have the option to ignore or dismiss a suggestion if it’s not helpful, and if you don’t want M’s assistance you can easily mute it in M settings,” the blog post further added.
For Messenger users worldwide, Facebook updated the app so that they can now have better access to visual messaging tools as well as sending video and images from text with a long press. The new “more” tab will enable easy access to Games, Payments, Share Location and Rides, adds the blog post.
Touching upon the issue of protecting user information while talking to Recode, Facebook’s head of messaging products David Marcus was quoted saying, “These are private conversations and we take this very seriously.” Marcus added further that no human being will have access to the data sourced by AI.
Facebook, Inc. Price
Facebook, Inc. Price | Facebook, Inc. Quote
Messenger is Facebook’s third platform with one billion plus users. The social media platform is aggressively working on monetizing the opportunities presented by its subsidiaries. Chatbots and “conversational commerce” are likely to be the strategies for Messenger and WhatsApp. The company remains pretty excited as it opened the Messenger app to developers to create chatbots. These chatbots will enable businesses to extend customer service and other transactions. Chatbots is the new buzz word in the tech space as they could serve as a powerful strategy to monetize the platform.
Moreover, AR/VR is the next big technological innovation along with AI technology. According to a recent IDC report, global revenues of the AR/VR market are expected to grow at a CAGR of 198% from a period of 2015-2020 to $143.3 billion by 2020. Meanwhile, global revenues of the Cognitive & AI market are expected to grow at a CAGR of 54.4% to over $46 billion by 2020. As a result, not just Facebook, but all big tech behemoths, including Microsoft (MSFT - Free Report) , Alphabet Inc (GOOGL - Free Report) as well as Amazon.com Inc (AMZN - Free Report) , are trying to grab a share of this lucrative market.
At present, Facebook has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past one year, Facebook’s shares have generated a return of 24.16%, compared with the Zacks Internet Services industry’s return of 7.26%.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>