Meta plans to release standalone Meta AI app in effort to compete with OpenAI's ChatGPT

Core Insights - Meta Platforms Inc. is set to launch a standalone Meta AI app in the second quarter of 2024, aiming to establish itself as a leader in artificial intelligence [2][5] - The Meta AI chatbot, introduced in September 2023, has been integrated into existing apps and is positioned as a generative AI-powered digital assistant [3][4] - CEO Mark Zuckerberg anticipates that Meta AI will reach over 1 billion users, highlighting its potential as a leading AI assistant [4] Product Development - The standalone Meta AI app will enhance user interaction and personalization compared to its current integration within existing apps [5][6] - The app aims to unify the digital assistant experience across various platforms, including smartphones and smart glasses [6] Monetization Strategy - Meta is exploring a paid subscription model for Meta AI, similar to offerings from OpenAI and Microsoft [7] - The company sees clear monetization opportunities, including premium features and paid recommendations [7]