META FORMS PRODUCT GROUP TO BUILD AI TOOLS FOR BUSINESSES

Summary from the TLDR newsletter

Meta is creating a new product unit to develop AI tools for business. It will be led by Clara Shih, who was most recently the CEO of Salesforce AI. Shih will be responsible for building new tools and getting businesses to adopt them. Most of Meta's business-facing AI tools have so far centered around ad creation and optimization. The new product group will build tools that create deeper customer relationships beyond advertising.