The new Meta AI app, the Ray-Ban glasses, live translation and more. Here's what you need to know about Meta's artificial intelligence plays.

Both Meta Platforms META and Reddit RDDT are major players in the social media domain. Meta Platforms owns Facebook, Instagram and WhatsApp, serving over 3.4 billion daily userswhile Reddit focuses on community discussions with 108.

Meta Platforms has gained over 1,200% since 2012. The company is now investing heavily in artificial intelligence, bolstering our stock price predictions.

A misleading post is being circulated on the internet claiming that Meta AI can read all individual and group chats. Read here,

Sumitomo Mitsui DS Asset Management bought 12,468 shares of Meta Platforms, totaling $7.7 million. The trade represents 0.07% of 13F reportable AUM. Its now 331,918 shares are valued at $245 million as of July 10,

Meta has launched a major global crackdown on fake and spammy accounts impersonating real creators. So far, over 10 million fake accounts and half a million spam profiles have been deleted on Facebook.

Researchers Jason Wei and Hyung Won Chung are said to be joining Meta’s superintelligence lab, the latest of several high-profile OpenAI researchers and developers to be plucked by the social media giant.

The battle between X and Threads comes with Musk and Zuckerberg are also the two richest people in the world at this time. Musk is the world's richest person, worth $349 billion according to Bloomberg. Zuckerberg ranks second with $254 billion.