Overview
- Meta introduced Muse Spark from its new Superintelligence Labs, opened it to developers through an API, and said it targets performance on par with OpenAI, Anthropic, and Google.
- The stock rose about 9% after the reveal, reflecting hopes that the model can boost ad targeting and other products used by billions of people.
- KeyBanc and Wells Fargo lowered price targets, pointing to rising costs for AI data centers and chips, though both firms kept bullish ratings on the shares.
- Meta projects $115 billion to $135 billion in 2026 capital spending for AI, including new hyperscale facilities and an Entergy partnership to fund seven natural gas plants that will power the Hyperion campus.
- The company is reshaping its AI stack by elevating Alexandr Wang, acquiring Moltbook, and advancing its in‑house MTIA chips, though reports say it paused work with startup Mercor after a data breach.