Meta Platforms Inc. (META) shares traded higher on Thursday, reversing early losses as investors assessed the company's latest artificial intelligence initiatives. This includes plans to begin manufacturing an in-house AI chip and the public preview of its upgraded Muse Spark 1.1 model.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB)'s Meta Superintelligence Labs on Thursday announced the launch of Muse Spark 1.1, an updated multimodal reasoning model designed for advanced artificial intelligence workflows, including autonomous agent tasks, coding and computer-use applications. The release expands Meta's push into the enterprise AI market, with the company also opening a public preview of the Meta Model API, allowing external developers to access Muse Spark 1.1 for the first time.
Meta's $9B Alberta data center and potential cloud plans could diversify growth, but heavy AI spending and rich valuation may test investors.
Meta Platforms on Thursday released long-awaited developer access to its Muse Spark AI model alongside an upgraded version, pitting it directly against the business models of Anthropic and OpenAI in charging for use of its AI.
Meta Platforms Inc (NASDAQ:META) is sitting out the broader tech rally today , down 4.1% to trade at $578.19.
The semiconductor scene is going through an intense period of volatility again, but nothing much has changed when it comes to Wall Street analysts who stand by their targets.
Artificial intelligence spending has entered a new phase.
Facebook and Instagram parent Meta said Wednesday it will invest more than US$9.1 billion to build its first artificial intelligence data center in Canada and its largest outside the United States.
Meta's technology chief shared details on the data leak from its Model Capability Initiative. Andrew Bosworth said an internal researcher had put the data "in a place it wasn't supposed to go.
Instagram profiles default to letting users share and modify their content with Meta's new AI model. The feature allows users to download your posts, including your profile picture, to "reuse" them.
Meta is building its first big Canadian data center in the province of Alberta. The 1 gigawatt facility will cost Meta about $9 billion over two to three years, and represents an attractive spot for development due to energy availability and friendly regulations.
Meta's Threads says it has 500 million monthly active users. A lot of those people are cross-posting from Facebook or Instagram.