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Meta in talks to acquire voice cloning startup Play AI

1. Meta aims to acquire voice cloning startup Play AI for AI features. 2. Acquisition would enhance Meta's AI offerings in customer service and creative tools. 3. Play AI has raised $23.5 million with prominent investors backing it. 4. Meta is expanding its AI capabilities beyond chatbots and video editing. 5. No immediate comments from Meta or Play AI regarding the acquisition.

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FAQ

Why Bullish?

Expanding AI capabilities can strengthen Meta's market position. Historical acquisitions have led to increased stock performance.

How important is it?

The acquisition signals strategic growth in AI, likely impacting both innovation and revenue.

Why Long Term?

Building a competitive edge in AI will take time but offers substantial long-term growth potential.

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