Meta plans to launch Hatch AI agent platform within weeks

Meta Platforms plans to launch a consumer AI agent platform, 'Hatch,' in late August or early September, and a new AI model, 'Watermelon,' in October, according to internal documents reported by The Information. The company is exploring a tiered pricing structure for monetization, including a premium subscription. Hatch will integrate with external services like DoorDash and Etsy, and WhatsApp will trial third-party AI agent connections. Meta is accelerating AI development to compete with rivals

Meta Platforms plans to launch its consumer AI agent platform, Hatch, in the coming weeks, according to The Information. The platform, part of CEO Mark Zuckerberg's strategy to diversify revenue, may feature a tiered pricing structure with a premium tier costing up to $199.99 per month. Meta is also working on an October release for its AI model, Watermelon.

Coinbase launched tokenized stocks on Base, offering Nvidia, Meta, Apple, and Google. These tokens, backed 1:1 by shares, operate 24/7 on the B20 standard. Coinbase aims to compete in the $3B tokenized equities market, led by Ondo Finance, Kraken, and Binance. The company plans to leverage its ecosystem to drive adoption and volume.

Meta Platforms reported $59.4B in Q2 2026 ad revenue, up 27% YoY, driven by AI tools and 3.6B daily users. It expects Q3 revenue of $61B-$64B. Competitors Reddit and Snap also saw ad revenue growth of 64% and 9% YoY, respectively. META shares are down 16.7% YTD, with a forward P/S of 4.87X.

Meta faces a lawsuit from 29 US states, accusing it of designing Facebook and Instagram to addict teenagers, citing internal surveys and whistleblower testimony. The lawsuit seeks billions in penalties and potential design changes. Dell's Alienware 16 Area-51 laptop, featuring an RTX 5080 GPU, is reviewed for its performance and trade-offs. Anthropic introduces invisible AI watermarks to detect machine-written text.

29 US state attorneys general sued Meta, alleging its products are designed to addict children and harm their wellbeing. The lawsuit, which began last week, seeks a $200 billion penalty and could force Meta to change its products. Internal Meta documents and testimonies, including from a former engineering director, support the claims. Meta denies the allegations and cites its safety tools. The case may impact Meta's reputation and the wider tech industry, with potential implications for EU and