(Bloomberg) -- Ads running on Meta Platforms Inc.'s apps saw return on spending increase by an average of 32% with the help of artificial intelligence, global business group head Nicola Mendelsohn said.
Ads using AI also reduced the cost of acquisition by about 17%, Mendelsohn said in an interview with Bloomberg Television from the World Economic Forum in Davos on Thursday.
The AI tools also simplified the process of creating campaigns. While in the past, it might have taken advertisers 15 to 30 steps to set up a campaign, “you can do it in one button now,” she said.
Read more: How AI Replaced the Metaverse as Zuckerberg's Top Priority
Last year, Meta rolled out new generative AI tools for advertisers with features that let companies create images and text more quickly and predict the performance of ads, part of a broader effort to improve performance and make up for the targeting data it lost following privacy changes at Apple Inc.
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