Mark Zuckerberg has revealed his plans for Facebook for the next decade. This is timely considering that the social media giant has reported to have posted a revenue of $7-B in 3rd quarter 2016.
In his plans, Zuckerberg focused on three main areas of innovation:
1. Connectivity— This aims to provide selected but affordable access to the internet in developing countries in Africa, Middle East, Asia and Latin America. As of October 2016, 40 million people have been connected thru FB’s app called Free Basics (originally named Internet.org).
2. AI (artificial intelligence)— FB’s main goal of harnessing AI is to know exactly what content its users (1.79 billions in all per month to date) want to see, where they want to see it and when they want to see it. AI will also be used to filter out stories designed to simply draw attention and attract visitors, and to help detect and suppress terrorist propaganda on FB.
3. AR/VR (augmented reality/virtual reality)— FB is investing an additional $250-M in VR in addition to the $2-B for its acquisition of the company Oculus in March 2014. This technology should enable FB users to communicate and share experiences using VR.