Meta rises 4% as Zuckerberg says it has caught up in frontier AI

Meta shares rose 4% to about $748 on Monday afternoon after Zuckerberg said the company has caught up with AI rivals in the frontier model race.
Meta launched the Muse Wonder frontier AI model series, starting with Muse Wonder and Muse Wonder Full, which the company describes as its most capable models to date.
The Muse AI agent, launched about a month earlier, recorded 2.8 million global downloads in its first 12 days.
Zuckerberg said Meta is already preparing for the next step in AI, with spending rising after two years of higher costs.
Frontier AI competition requires heavy investment in chips, data centers, and elite researchers, and Hotnews reports that investors are watching whether new AI features lift ad targeting and engagement enough to justify the spending.

Quotes

“our most capable models to date.”— Meta Platforms

“already preparing for the next step”— Mark Zuckerberg