For their use case Meta is gradually getting to a baseline of VP9 and AV1 streams for their video streaming: https://www.streamingmedia.com/Producer/Articles/Editorial/F...
And AV1 for video calls: https://engineering.fb.com/2024/03/20/video-engineering/mobi...
Microsoft is starting to use AV1 in Teams. AV1 has video coding tools that are particularly useful for screen sharing: https://techcommunity.microsoft.com/t5/microsoft-teams-blog/...
Most of the video I see on YouTube these days is in VP9 or AV1. Occasionally some video is still H.264.
H.264 will still be around for quite some time, but AV1 looks set to become the new baseline for internet video.