Pinterest Introduces Generative AI for Enhanced Ad Imagery
Pinterest has joined the ranks of tech giants like Google and Amazon by rolling out generative AI tools for advertisers. Announced at the Pinterest Presents event, these new features are part of the Pinterest Performance+ suite, designed to streamline ad creation and improve engagement. The standout feature allows advertisers to transform plain product backgrounds into dynamic lifestyle imagery with just a few prompts.
Why This Matters for Advertisers
- Higher Engagement: AI-generated backgrounds help Product Pins stand out, driving more clicks.
- Proven Results: Early adopters like Walgreens saw a 55% higher clickthrough rate and 13% lower cost-per-click compared to traditional white-background ads.
- Efficiency Boost: Pinterest claims advertisers can now create campaigns with 50% less input, thanks to AI and automation.
The Competitive Landscape
Pinterest isn’t the first to leverage generative AI for ads:
- Amazon introduced similar tools in late 2023, enabling advertisers to customize product backgrounds.
- Google followed suit with AI-powered image enhancements for U.S. advertisers.
Key Performance Metrics
Early tests of Pinterest’s AI tools show impressive results:
- 64% decrease in cost per action
- 30% increase in conversion rates
- 1.8x return on ad spend
Additional Updates for Advertisers
- Promotions Tool: Rolling out in the U.S., U.K., and other major markets, this feature lets advertisers offer discounts directly on Pinterest.
- Optimized Bidding: Performance+ now supports value-based optimization, going beyond clicks or conversions.
- Global Access: All advertisers can now use Performance+ for Consideration, Conversions, or Catalog Sales campaigns.
The Bottom Line
Pinterest’s move underscores the growing importance of AI-driven ad personalization. By simplifying creative processes and improving performance metrics, the platform aims to solidify its position as a top choice for visual commerce advertising.
Image Credits: Pinterest
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