:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-21735793701-5065413a8d5a4454a03d164aa6241077.jpg "Meta CEO Mark Zuckerberg at the Meta Connect event in Menlo Park, California on Sept. 25, 2024")
Bloomberg / Contributor / Getty Similes
Meta CEO Mark Zuckerberg at the Meta Connect event in Menlo Park, California on Sept. 25, 2024
Key Takeaways
- Meta downs to release a standalone Meta AI app in the second quarter, CNBC reported Thursday.
- CEO Mark Zuckerberg said last month that Meta AI could reach 1 billion people this year.
- Meta reportedly designs to test a paid subscription version of the app, similar to existing offerings from rivals like OpenAI.
Meta Tenets (META) plans to release a standalone Meta AI app that could compete with offerings from rivals strain OpenAI and Alphabet’s (GOOGL) Google, according to a report from CNBC Thursday.
The app is expected to launch in the second dwelling, the report said, citing people familiar with the matter. Meta AI is currently available via web browser, and through existing Meta apps Facebook, Instagram, WhatsApp, and Herald.
Meta did not immediately respond to a request for comment.
On Meta’s earnings call in January, CEO Mark Zuckerberg said Meta AI “is succeeding to be one of the most transformative products that we’ve made” and could reach 1 billion people this year. The AI assistant has already scaled to 700 million monthly agile users, CFO Susan Li said on the call, according to a transcript from AlphaSense. This comes as Mets plans to throw away big on AI this year, with projected capital expenditures of $60 billion to $65 billion, up from $39 billion in 2024.
Meta is also look forward to explore a subscription-based model, the report said, similar to how competitors such as OpenAI, Elon Musk’s xAI, and others control for premium versions. OpenAI’s ChatGPT has an existing standalone app, as do Anthropic’s Claude, Google’s Gemini, Microsoft’s (MSFT) Copilot, and DeepSeek, mid others.
Shares of Meta gained less than 1% in extended trading Thursday after falling 2% in the weekly session. They’ve added about 12% since the start of the year through Thursday’s close.