Pinterest unveils AI-fueled ad tools
The visual discovery site joins Google, Meta and Amazon in offering gen AI-augmented image-based advertising options.
The visual discovery site joins Google, Meta and Amazon in offering gen AI-augmented image-based advertising options.
New ad formats, including Stickers on Shorts made from images from a brand’s product feed, will be available to all retailers by the end of 2024.
Shares in the social media company slumped following the announcement, despite strong user numbers and top- and bottom-line growth.
The company pointed to AI as a bolster to its growth.
CEO Andy Jassy noted sponsored product offering saw “meaningful” growth in the quarter due to increased ad relevance and optimization.
CMOs are now driving the growth agenda—but often without the structural support they need.
However the company noted slowing ad revenue growth in the Asia-Pacific region.
Meta is investing heavily in AI-powered tools like Advantage+ Shopping, giving advertisers over to more automated decisions on its platform.
In the wake of GARM’s shutdown, advertisers must work individually with platforms and make trade-offs on performance to achieve brand safety goals.
Amazon's latest earnings report reveals strong advertising growth, but looming economic concerns and distractions like major global events temper the outlook for the coming quarter.
The tech giant sees a future where all ads created on the platform are assisted by artificial intelligence.