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