Meta Platforms' AI assistant has nearly 600 million monthly active users just 14 months after the Facebook parent launched the chatbot, Chief Executive Mark Zuckerberg said Friday. Meta stock gained in Friday trading, which also saw a federal court uphold a law that could ban Meta rival TikTok.
Zuckerberg took to the Meta-owned Threads platform to announce the user milestone for the Meta.ai chatbot, along with news the company has launched an update to its Llama 3 large language model.
Meta launched the Meta.AI chatbot during its annual Connect conference in September 2023. In April, the company launched a stand-alone website for Meta.ai and Similar to OpenAI's ChatGPT, the chatbot can generate a range of responses and media based on text prompts from users.
Zuckerberg added that Llama 4, a more significant update to its AI models, is coming next year.
On the stock market today, Meta stock rose more than 2% at 622.16 in late afternoon trades.
Meta.ai Vs. ChatGPT
Zuckerberg said during Connect 2024 in September that Meta.ai was approaching 500 million monthly active users. The Facebook executive said earlier this year that his goal is for Meta to build "the most intelligent AI assistant that you can freely use."
ChatGPT, however, still appears to have more overall users. OpenAI Chief Executive Sam Altman said at the New York Times DealBook Summit earlier this week that ChatGPT has 300 million weekly active users.
Meta Stock At Record High
Meta stock notched a record high Friday for a fourth straight trading day. The stock is likely also being moved by news that a federal appeals court upheld a law that could lead to TikTok being banned next month, if its parent company ByteDance does not sell the short-video platform.
Shares of the Facebook parent broke out from a flat base chart pattern with a 3.5% gain Tuesday and remain in a 5% buy zone.
Meta has gained 76% year-to-date. The social media giant's stock has a 98 out of a perfect 99 IBD Composite Rating, per IBD Stock Checkup. It is the highest-rated stock out of 69 members in the internet content group tracked by IBD.
