Market Chatter: Meta Platforms to Sell Consumer Subscriptions to its AI Chatbot for First Time

MT Newswires Live03:03

Meta Platforms (META) plans to sell Meta AI chatbot consumer subscriptions for the first time, as the company looks to offset its billions of dollars of investments in artificial intelligence, Bloomberg reported Wednesday, citing a company spokesperson.

The new subscriptions come in two tiers, namely, a $7.99 a month basic tier called Meta One Plus and $19.99 more advanced tier called Meta One Premium, and will start rolling out in Singapore, Guatemala and Bolivia, with plans for further expansion later, according to the report.

Users will continue to be able to use Meta AI chatbot for free, but will eventually run into a limit with repeated usage, the report said.

Meta Platforms did not immediately respond to MT Newswires' request for comment.

Shares of the company were up over 3% in Wednesday trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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