Meta
Builds Meta AI into Facebook, Instagram and WhatsApp, and makes the Ray-Ban glasses with EssilorLuxottica.
- Revenue
- Sales more than tripled (H1 2025)
- Growth
- More than 7M smart glasses sold in 2025 across the Meta and EssilorLuxottica range
- Based in
- Menlo Park, US
- Listed
- Public (META)
Billions of people see its AI inside apps they already open every day.
Meta AI has no separate paid product yet, so the return on its AI spend is unproven.
Money coming in
Who pays Meta, and for what.
takes 80% of Meta's Hyperion data centre joint venture and pays Meta for the stake
tipranks.combuys $18B of the $27B bonds issued by the Hyperion joint venture
tipranks.combuys part of the Hyperion joint venture bonds
tipranks.com
Money going out
Who Meta pays to do what it does.
buys AI capacity from Nebius, with a larger firm contract from early 2027
convergedigest.comTook a large minority stake in Scale AI
fortune.com
Where it sits on the map
the best-selling AI wearable
Builds Meta AI into Facebook, Instagram and WhatsApp, and makes the Ray-Ban glasses with EssilorLuxottica.
Runs Meta Superintelligence Labs and builds its Muse models, with the Llama line now scaled back.
Released the Llama open models, and now releases only some of its newer models as open weights.
Competitors and neighbours
Makes ChatGPT, the assistant most people use, and sells its models to businesses through an API.
About $13B revenue in 2025, against about $34B of costs (reported)
Open profileMakes Gemini, the assistant built into Android, Search and Workspace.
25% of AI chip supply (Epoch AI)
Open profileVoice AI for dubbing, narration and voice agents, with an API that other builders use to add speech.
About $500M ARR (Apr 2026, Sacra estimate)
Open profileAI search engine that answers questions with cited web sources, sold free and as a paid plan.
More than $750M annualised, up from under $250M at the start of 2026 (press reports, Aug 2026)
Open profileDesign app used by millions for slides, posters and social posts, with AI built in.
About $4B annual recurring revenue at the end of 2025 (company)
Open profileCompanion chat app where people talk with characters they create or find.
About $30M annualised (Jul 2025, Sacra estimate)
Open profileMakes slides, pages and websites from a prompt, sold on a free and paid plan.
Passed $100M ARR (company, late 2025). Sacra estimate $102M in Oct 2025
Open profileAI image generator used by artists and designers, sold by subscription.
About $500M in 2025 (Latka estimate)
Open profileAI video tools for filmmakers, studios and ad makers.
About $300M (Multiples.vc record)
Open profileSources: heise.de, mezha.ua, aibusiness.vc, rits.shanghai.nyu.edu
The map updates three times a week.
241 companies across 25 areas, 62 money flows and 89 openings so far. New research lands every Tuesday, Thursday and Saturday.
Back to the full mapFree daily email
Get the map updates in your inbox
A short read every morning on what is moving in AI, including new areas of the map as they go live. Free.
You are in
Your first AI Pulse lands tomorrow morning. Keep an eye on your inbox.