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00:02Meta is testing AI-powered subscription services and exploring cloud computing as CEO.
00:08Mark Zuckerberg seeks to diversify the company's revenue beyond its near-total reliance on
00:13advertising, according to CNBC. The tech giant is testing paid subscription tiers for its AI app
00:19and premium plans across Instagram, Facebook, and WhatsApp. CEO Mark Zuckerberg floated a
00:25potential cloud computing business at the company's annual shareholder meeting,
00:29which would put Meta against Amazon, Microsoft, and Google. Advertising still accounts for nearly
00:3498% of Meta's $56.3 billion in first quarter revenue. Analysts at Wolf Research projected
00:42subscriptions could contribute up to $3 billion in revenue by 2027, growing to $16 billion by 2030.
00:50Meta raised its 2026 AI capital expenditure guidance to between $125 billion and $145 billion
00:58For all things money, visit Benzinga.com.
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