Anthropic · CNBC Technology
Meta rolls out new AI model, attempting to catch Google, OpenAI after spending billions
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Meta is debuting its first major artificial intelligence model since the costly hiring of Scale AI's Alexandr Wang nine months ago, as the Facebook parent aims to carve out a niche in a market that's being dominated by OpenAI, Anthropic and Google.
Key facts
- The stakes are massive, as the global generative AI market is estimated to grow more than 40% a year, climbing from about $22 billion in 2025 to almost $325 billion by 2033, according to Grand View
- Dubbed Muse Spark and originally code-named Avocado, the AI model announced Wednesday is the first from the company's new Muse series developed by Meta Superintelligence Labs, the AI unit that Wang
- Meta is also experimenting with a new AI model revenue stream by offering third-party developers access to Muse Spark's underlying technology via an API
- Meta's stock popped 6.5% on Wednesday, rallying alongside the rest of the market, which jumped after President Donald Trump said he was suspending Iran attacks for two weeks, sending oil prices
Summary
Dubbed Muse Spark and originally code-named Avocado, the AI model announced Wednesday is the first from the company's new Muse series developed by Meta Superintelligence Labs, the AI unit that Wang oversees. Meta is desperate to regain momentum in the fiercely competitive AI market following the disappointing debut of its latest open-source models last April. "Over the last nine months, Meta Superintelligence Labs rebuilt our AI stack from the ground up, moving faster than any development cycle we have run before," Meta said . Meta's stock popped 6.5% on Wednesday, rallying alongside the rest of the market, which jumped after President Donald Trump said he was suspending Iran attacks for two weeks, sending oil prices tumbling.