Meta announces subscription plans for social media apps and Meta AI chatbot to help offset AI spending costs

Meta Platforms is rolling out paid subscription options for users of its social platforms and Meta AI chatbot, announced by Naomi Gleit, head of product at Meta, in a video posted to Instagram on Wednesday.

The move is intended to help offset some of the costs of Meta's massive spending on artificial intelligence.

Meta Platforms stock was rising on Wednesday following the announcement.