Pinterest CEO Credits AI-Powered Personalization for 16% Revenue Growth

Pinterest reported strong first-quarter results on Thursday (May 8), with $855 million in revenue and a 10% year-over-year increase in monthly active users to 570 million. According to a Thursday (May 8) press release, revenue increased by 16% year over year. Speaking on an earnings call, CEO Bill Ready attributed the growth to the company’s investment in artificial intelligence (AI), noting that the algorithm has been especially successful at attracting Generation Z users. “Our ability to leverage AI to pe ...