From using motion capture tech to allow the Indian cricketing star Rahul Dravid to give personalised coaching tips for children to an algorithm trained on Shakespeare’s handwriting powering a robotic arm to rewrite Romeo and Juliet, artificial intelligence is rapidly revolutionising the global advertising industry.
Those AI-created adverts, for the Cadbury’s drink brand Bournvita and the pen maker Bic, were produced by agency group WPP, which is spending £300m annually on data, tech and machine learning to remain competitive.
Mark Read, the chief executive of the London-listed marketing services group, has said AI is “fundamental” to the future of its business, while admitting that it will drastically reshape the ad industry workforce.
Now Read has announced he is to leave at the end of this year, after almost seven years as chief executive and more than 30 at WPP, as the company struggles to keep pace with its peers and also counter moves by big tech to muscle in to the AI-driven future of advertising.
For ad agencies, the upheaval originates from a familiar source. Over more than a decade, Google and the Facebook owner, Meta, successfully built tech tools for publishers and ad buyers that helped them to dominate online. Big tech hoovered up almost two-thirds of the £45bn spent by advertisers in the UK this year. Now, Mark Zuckerberg wants to take over making the ads, too.
The Meta boss is gearing up to unleash AI tools to allow advertisers to fully create and target campaigns on his social media sites, prompting fears of the “death of creativity” – and widespread job cuts at agencies.
Read More: The ‘death of creativity’? AI job fears stalk advertising industry
