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Meta's new AI-focused app
The Street
Follow
2/28/2025
TheStreet’s Conway Gittens brings you the biggest news of the day, including how Meta is making itself heard in the AI race.
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Sports
Transcript
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00:00
Get ready for a new app from Mark Zuckerberg and Meta in an attempt to capitalize on what he hopes will be growing interest in
00:07
artificial intelligence by everyday people
00:09
Zuckerberg is planning to launch a separate AI app to go along with Facebook Instagram and WhatsApp
00:16
According to CNBC the launch is being targeted for some time within the April to June period
00:21
The company is hoping to steal thunder from open AI
00:25
Which has the wind at its back with the advantage of being the first to become a household name
00:30
Thanks to chat GPT
00:32
Meta is going to be in a crowded field of competitors trying to grab attention and eyeballs and it's not yet clear if there
00:39
Will be enough of those to go around of course
00:42
There's open AI add to that offerings from Microsoft Elon Musk's X AI
00:48
Anthropic and alphabet the parent of the ubiquitous search app Google
00:53
Sources familiar with the confidential project told CNBC
00:56
There's likely to be a paid version where users get charged a monthly fee to get access to a more powerful AI
01:03
functionality open AI is chat GPT and Microsoft's co-pilot already have paid upgrades
01:10
Zuckerberg has lofty ambitions as he predicts the market for personalized AI
01:15
Assistance will top 1 billion people this year
01:18
And he said quote I expect meta AI to be the leading AI assistant
01:24
while people can already use meta AI on a website or through metas popular apps like Facebook and WhatsApp a
01:31
Standalone app would give Zuckerberg even greater reach
01:35
That'll do it for your daily briefing from the New York Stock Exchange. I'm Conway Gittens with the street
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