Meta Platforms, Inc. 
Meta The company is considering a paid version of its artificial intelligence assistant, Meta AI.
Facebook's parent company is proposing to charge users for more advanced features of the Assistant, according to the information, cited by internal company posts.
Meta Rivals, Microsoft 
MSFT,support Open AI and Alphabet Inc. 
Google Google Googlecharges $20 per month for the advanced version.
According to previous reports, Microsoft, Meta and Alphabet had allocated more than $32 billion to AI infrastructure in the first quarter of 2024.
Meta CEO Mark Zuckerberg acknowledged the company's AI ambitions during a recent investor call.
Meta launches custom AI chip to reduce reliance on data centers. NVIDIA Corporation 
NVDAThe company touted that its Artemis chip could save millions of dollars in energy costs.
Analysts said Meta is undervalued given the potential of Reels and AI-driven advertising, and also noted Meta's large capex budget, in-house AI supercomputer, in-house LLM and custom AI chips.
Meta shares have risen 87% over the past 12 months. Investors can get into the stock through: IShares Global Communication Services ETF 
IXP and Vanguard Communications Services ETF 
Vox.
Price Trends: META shares were up 1.96% at $474.93 as of last check on Friday.
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