Meta plans paid subscription service for chatbot Meta AI
Meta Platforms is set to test a paid subscription service for its AI-enabled chatbot, Meta AI. This move is in line with similar services offered by OpenAI and Microsoft, allowing users to access advanced versions of their chatbots. According to a source familiar with the matter who spoke to Reuters on Thursday, the testing phase is expected to commence in the second quarter of this year. However, significant revenue from the subscription service is not anticipated until next year at the earliest.
Introduction of Meta AI
Meta AI, launched in September 2023, is a virtual assistant that utilizes large language models for performing reasoning tasks. The platform aims to enhance Meta's presence in the competitive AI landscape, where the company's CEO, Mark Zuckerberg, is striving to strengthen its position against competitors such as Microsoft-backed OpenAI and Google.
Investment in AI Infrastructure
Zuckerberg revealed earlier this year that Meta plans to invest up to $65 billion in expanding its AI infrastructure. As part of this initiative, Meta is also creating a new division within its Reality Labs unit dedicated to developing AI-powered humanoid robots capable of assisting with physical tasks, as reported by Reuters earlier this month.
Expansion and New Initiatives
Meta's strategic plans include the introduction of a standalone Meta AI app during the second quarter, which will complement its existing platforms such as Facebook and Instagram. This development was reported by CNBC, citing sources familiar with the matter. The company's focus on AI expansion comes as big technology firms continue to invest significant amounts in developing AI infrastructure following the success of ChatGPT.
Market Trends and Financial Updates
The market response to these developments is noteworthy, with Indian stock markets experiencing a decline amidst concerns over US President Trump's tariff threats. The BSE Sensex opened 952.39 points, or 1.28%, lower at 73,660.04. The broader Nifty 50 index followed a similar downward trend, indicating a challenging trading day for investors.
Overall, Meta's foray into a paid subscription service for Meta AI symbolizes the company's commitment to leveraging advanced technologies and innovating in the competitive AI landscape.
