Meta Platforms (META) unveiled its Meta One subscription to monetize its massive artificial intelligence (AI) spending. This opens new revenue streams, as Meta has devised plans starting at $2.99 per month and rising to $14.99 for creator and business bundles. As the first sign of monetizing its massive AI-based capex, this shift signals a transition to a multi-product, multi-revenue platform where AI services and subscriptions complement its core ad business.
Last week, the company also launched its personal AI agent, Muse, to help users with day-to-day tasks. This suggests Meta is trying to gain ground on Google (GOOG) (GOOGL) and OpenAI. Its wearables business has also come under scrutiny, as the latest smart glasses have been criticized for their recording capabilities. Reports suggest Meta will launch a camera-free pair of smart glasses, internally code-named Luna, this fall.