Meta's Stock Rises as It Claims AI Model Parity with Anthropic and OpenAI
Meta Platforms (NASDAQ:META) saw its stock rise by 4%, reaching $614.57, following claims from the company that its latest AI model, Muse Spark 1.3, matches performance levels of models developed by leading private labs such as Anthropic and OpenAI. The announcement was made by Meta's AI chief, Alexandr Wang, who described it as a significant leap in model capabilities. The new version enhances agentic and coding functionalities and is being integrated into products like Muse Code and the Meta Model API. While no independent benchmarks have yet confirmed these claims, investors are reacting positively to the assertion. The move comes amid stiff competition from Alphabet (NASDAQ:GOOGL), which has seen a 60% return over the past year and boasts 950 million users of its Gemini AI model. Prediction markets currently give Meta only a 48% chance of scoring highly on an upcoming benchmark test, with results expected by September 23.
Topics: AI models Alphabet (GOOGL) Anthropic Meta Muse Spark 1.3 OpenAI