Meta Unveils New AI Model, Shares Rise on Positive Reception
Meta Platforms (META) released its new AI model, Muse Spark, which has received positive investor reactions, leading to a 9% stock increase. The company is investing heavily in AI, with projected capital expenditures of up to $135 billion in 2026, as it aims to compete with leading AI firms like OpenAI and Google.
Tickers: $META
Topics: AI Capital Expenditures Meta Platforms Muse Spark Stock Performance