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Meta to accelerate new app development with AI, additional launches planned

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META Meta Platforms Inc
$538.50 -8.04%
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  1. 1Meta (META) CEO Mark Zuckerberg said during the company's second-quarter earnings announcement that AI is speeding up product development and that Meta plans to release more new apps.
  2. 2The company launched Instagram's Instants and the group app Forum, as well as the marketplace app Seller this year, and explained that LLMs allow it to bring software to market faster.
  3. 3After years of failed standalone social-app attempts, Threads has reached 500 million monthly active users, and new consumer products are coming soon, according to the company.

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