Cred app's founder Kunal Shah is WhatsApp's new global head: Will Cathcart will command AI; parent company Meta will invest ₹8,550 crore in Cred.
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Cred app's founder Kunal Shah is WhatsApp's new global head: Will Cathcart will command AI; parent company Meta will invest ₹8,550 crore in Cred. New Delhi 44 minutes ago Kunal Shah has been made the new global head of WhatsApp. Meta CEO Mark Zuckerberg gave this information in a post on Monday. Meta, the parent company of Facebook and Instagram, has made Kunal Shah, the founder of Cred app, the new global head of WhatsApp. He will replace Will Cathcart, who has been heading WhatsApp for seven years. Cathcart will now work on new projects related to artificial intelligence (AI) at Meta. Meta CEO Mark Zuckerberg gave this information in a post on Monday. He said that the company has taken this decision as part of a deal in which Meta will invest about ₹8,550 crore in the UPI and bill payment app Cred. In return, Meta will get a 20% stake in Cred. After this, the total valuation of Cred company will increase to ₹43,239 crore. According to Meta, after Kunal Shah becomes the boss, the entire focus of WhatsApp will be on two big things: * Increasing revenue: The company is now preparing to earn more money through WhatsApp. For this, ads can be shown in the app and a monthly fee or subscription can also be introduced for some special features. * Use of AI: Different types of 'AI agents' (i.e., computer programs or chatbots) will be added inside WhatsApp. These AI tools will...
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To take command of the global head of WhatsApp, Kunal Shah will resign from his current operating position as Cred CEO.