Shares of Meta rallied on Thursday following the launch of a new AI model and reports of a big custom-chip milestone.
Meta publicly launched a new version of Muse Spark on Thursday, a multimodal AI model designed for agentic coding that aims to compete with similar products offered by OpenAI and Anthropic.
Mark Zuckerberg's Meta plans to design its own artificial intelligence chips in-house starting in September – part of an industry-wide effort by the biggest names in AI to start making their own chips amid ongoing high demand.
On Thursday, Meta launched a new model, Muse Spark 1.1, for coding and AI agents. CEO Mark Zuckerberg said pricing will be "very aggressive," calling out other labs for high costs.
In a bid to lower its GPU costs amid an unprecedented component shortage, Meta is on track to start making the latest versions of its AI-specific chip in September, Reuters reported, citing an internal memo.
The patent filing, which was filed on July 2, describes an “apparatus” for “emotional state analysis and real-time fitness coaching.” Meta wrote in part that the device would use insights such as whether the user is happy or sad to generate a workout routine.
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.