Meta To Launch AI App That Could Compete With OpenAI and Google Offerings, Report Says

Core Insights - Meta Platforms plans to launch a standalone Meta AI app in the second quarter, aiming to compete with rivals like OpenAI and Google's Alphabet [1][4] - CEO Mark Zuckerberg stated that Meta AI could reach 1 billion users this year, with the assistant already having 700 million monthly active users [2] - The company is projected to spend $60 billion to$65 billion on AI in 2024, a significant increase from $39 billion [2] - Meta is exploring a subscription-based model for the app, similar to offerings from competitors [3][4] - Meta's shares gained less than 1% in extended trading after a 2% decline in the regular session, with a total increase of about 12% since the beginning of the year [3]