At present, the company has a tie-up with ICICI Bank for a co-branded credit card as part of which over 42 lakh credit cards have been issued as of June 2023.
The company, which renamed itself Meta two years ago, is expected to unveil the next version of its virtual reality headset, the Quest 3 and discuss AI chat-bots and other tools and features designed to keep users interested in Facebook and Instagram as competition with TikTok continues. This remains Meta s biggest challenge, said Insider Intelligence analyst Yoram Wurmser.
Faire, founded in 2017 and valued at $12.59 billion, would become the recommended wholesale marketplace for Shopify merchants. The companies declined to disclose the value of the deal or how big a stake Shopify was taking.
Fujifilm has ventured into India with its office printer offerings and hopes to become number one in terms of market share in the A3 printer segment here in the next 3-5 years, the company told ET.
The day s announcements are expected to indicate how Zuckerberg plans to navigate the shift this year of investor fervor to artificial intelligence from augmented and virtual reality technologies.