Meta wants its AI agent Muse to become the assistant people rely on to run their daily lives, a race that also involves Apple and Amazon. According to Sensor Tower data reported by TechCrunch, Muse has passed 10.9 million downloads since its September debut, including 10.2 million in the U.S., and only 11 other apps have reached 10 million U.S. downloads within 40 days. Its U.S. seven-day retention stood at 30%, versus an average of 19% for rivals including ChatGPT, Claude and Grok. Analysts argue that the AI model is the least durable advantage as capabilities converge and costs fall, so trust and habits built over years will matter most. Amazon has blocked Muse from its site, while Apple is seen as well placed through its device and wallet but risks losing discovery and transactions. Zuckerberg said Meta is prepared to spend up to $200 billion on AI.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
METAartificial intelligenceAppleAmazon
Open a keyword to see other news on the same topic.
Related tickers and likely impact
META
• NeutralMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/20/2026 | 694.44 |
| Change that session | -1.56% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Meta launches new ‘open’ AI model – and it comes with a big surprise
Meta has launched Muse Spark Open, which it says is the most powerful open-weight model from a US company. Open-weight models make their weights public, so anyone can download them to their own devices, adjust them and run them without relying on company servers. The surprise is that Meta worked with Apple to ensure the model runs well on Mac Studio, with Mark Zuckerberg saying it ‘runs great’ on Apple hardware and new Apple chief executive John Ternus congratulating the team, a rare truce between two rivals long at odds over privacy and advertising. The release reflects a push toward on-device AI, but many US firms have kept most systems closed to control use and boost revenue, leaving Chinese companies such as DeepSeek, Moonshot and Z.ai leading open-weight development.
- Meta Platforms (META) Unveiled Muse Spark Open For Developers
Meta Platforms has introduced Muse Spark Open, a new open AI model for developers, while keeping its Muse Wonder system proprietary under a dual-track approach aimed at community and commercial use. Meta has also agreed an AI partnership with Apple to bring Muse Spark Open tooling to Mac devices. The article notes this does not resolve the core risk of whether US$130b to US$145b of 2026 AI and data center capex will generate returns strong enough to support margins and free cash flow.
- Meta Releases Muse Spark Open With an Unlikely Assist From Apple: Why It Can Afford to Give It Away
Meta Platforms released Muse Spark Open on October 15, an open-weight AI model built for coding and AI agents that developers can download from Hugging Face. The model has 816 billion total parameters, with 42 billion active at a time, and a context window of up to 1 million tokens. Meta optimized it for Apple's MLX framework, so it can run locally on two 512GB Mac Studio computers, and calls it the most capable US open-weight model to date. The article argues Meta can afford to give it away because advertising made up $196.18 billion, about 98%, of its $200.97 billion in 2025 revenue, even as Meta spent roughly $89 billion on capex over the last four quarters. Apple gains a flagship model that runs on its hardware without having to develop it.
- Always on, always listening: New AI devices are pushing legal limits and could put users in jeopardy
Chris Thomas, a Pittsburgh business owner, wears Meta glasses, a Fieldy pendant and an Amazon Bee wristband to record and organize his daily life. A bystander at a bar objected because he could not be sure the devices were off, so Thomas now takes them off completely. More always-listening AI devices are emerging, including Amazon's Bee Frontier and Bee Eclipse and Apple's Siri Recap on Apple Watch Series 12, raising concerns about covert recording without bystanders' consent. Unlike earlier smart speakers, some of these products interpret speech without retaining the underlying audio, leaving unresolved whether this could count as unlawful interception. Attorney Colin Zick says broadly worded state laws such as Massachusetts' could apply, and in some states the wearer may face greater legal risk than the manufacturer.
- Stripe agentic commerce revs up
Stripe president John Collison said agentic commerce activity at the payments processor began rising sharply in September, though he gave no specific figures, during a podcast conversation with Meta CEO Mark Zuckerberg and chief AI officer Alexandr Wang. The talk centered on Meta's AI assistant Muse, which can buy products on command, and Zuckerberg said Meta has spent as much as $200 billion on AI. Stripe bought the AI model gateway OpenRouter for $7.5 billion in August, and Collison promoted its AI services. The article also notes that Amazon has banned Muse from shopping on its website, while Zuckerberg suggested that companies blocking the assistant will regret it.
- Ring founder Jamie Siminoff: 'I still have my email on every box' — here's why
Ring founder Jamie Siminoff says he still puts his email address on the box of every smart home device Ring sells, which he calls a way to get ground-truth data. He has just debuted Ring's first smart lock, which has a power dial to recharge it by hand if the battery dies and offers four ways to unlock: fingerprint, keypad, Ring app, or Alexa, with availability in early 2027. The launch comes as Apple unveiled its HomeView smart home hub, developed with LG Electronics, in a direct challenge to Ring and Google's Nest. Siminoff pitched Doorbot on Shark Tank in 2013, seeking $700,000 for 10%, but got no deal. Amazon bought Ring in 2018 for $1.15 billion; Siminoff left in 2023 and returned in early 2025 to lead its security products.
Related markets
Latest news
- Crypto Long & Short: Why real-world assets need fixed-rate loans onchain
Peter Gaffney of O2O Capital Partners argues that fixed-rate, fixed-term lending is the missing piece for real-world assets (RWAs) to scale in DeFi, since borrow rates on variable-rate pools move with utilization. Illustratively, Aave's USDC borrow rate can climb from 4% to 14% as utilization goes from 92% to 100%, while JAAA yields 4.5%–5% and the one-year average USDC borrow rate is 4.56%, leaving only 50 basis points of spread. The April 2026 KelpDAO rsETH exploit pinned Aave's USDC pool at 100% utilization, forcing borrowers to pay 14% for five days. Morpho has opened fixed-rate markets, which Coinbase used to launch fixed-rate crypto-backed loans in September 2026, while Kamino offers 5.3% fixed-rate loans against Figure's auto loan portfolio. The piece also notes that a 5% shift in Sky and Ethena reserves could create $1.8 billion of demand for RWAs.
- Here's where one strategist is putting new money in the AI trade
Futurum CEO Daniel Newman and SlateStone Wealth's Kenny Polcari discuss where to put new money in the AI trade. Newman still favors infrastructure, semiconductors, equipment and foundry companies such as ASML and TSMC, which he sees as solid even without the parabolic moves of some constraint-based names. He expects Nvidia to generate about a trillion dollars in profit over the next six to eight quarters, with benefits then flowing to Dell, HPE and software firms before reaching the broader economy. Healthcare and financial services benefit only indirectly, and investors will feel more comfortable once AI makes those companies more profitable. Newman also cites SpaceX, noting Elon Musk's view that a return on billions of dollars of investment within six months is not impossible, and that this is already showing in the company's numbers.
- Sego Resources Drilling Underway
Sego Resources Inc. (TSXV: SGZ) has started diamond drilling at its Miner Mountain Project near Princeton, British Columbia, an alkalic porphyry copper-gold project targeting near-surface disseminated gold and deeper copper-gold porphyry IP targets. A total of 2,000 m of drilling is planned under the fall-winter exploration program. The company applies a quality assurance and quality control protocol, inserting certified reference materials, duplicates and blanks into the sample stream and sending check assays to another laboratory. The 100%-owned property covers 2,056 hectares, about 15 km north of the Copper Mountain Mine operated by Hudbay Minerals, and Sego has a Memorandum of Understanding with the Upper Similkameen Indian Band.
- 3 Value Stocks We Steer Clear Of
StockStory highlights three value stocks it considers to face an uphill battle. Asana (ASAN) trades at $10.63 per share, or 2.6x forward price-to-sales, with ARR growth averaging 9.5% over the last year and a net revenue retention rate of 96.5%. General Motors (GM) trades at a 5.8x forward P/E at $77.20 per share, with revenue rising an average of 1.2% a year over the last two years and a gross margin of 11.5%. F.N.B. Corporation (FNB), at 0.9x forward price-to-book, is a diversified financial services holding company serving consumers and businesses across seven states and Washington, D.C.
- Why Did SpaceX Stock Soar Today?
SpaceX (SPCX) reported quarterly results for only the second time as a public company, with total revenue of $14.6 billion, up 161% year over year and nearly $2 billion above analyst expectations. The standout was its AI business, now called SI for superintelligence, which accounted for more than half of revenue in the latest quarter and generated about $430 million in net income after being unprofitable in the second quarter. Starlink subscriptions rose from 12 million to 13.6 million over the same period. SpaceX expects first-quarter 2027 revenue of $33 billion to $37 billion, versus $22.2 billion forecast by analysts. Shares were up 11.9% as of 10:10 a.m. ET, and the article suggests the recent $2.1 trillion valuation could look cheap if these trends continue.
- Elon Musk Says SpaceX Could Exit 2027 with Up to $1 Trillion in Sales Run Rate. That’s Higher Than Any Company on Earth.
On the October 20, 2026 third-quarter earnings call, Elon Musk projected that SpaceX's annual recurring revenue could reach between $500 billion and $1 trillion by the end of 2027. CFO Bret Johnson said the company remains on track for $100 billion in ARR by year-end, following third-quarter revenue of $14.6 billion, up 161%. Musk linked the forecast to AI compute, which stood at 1.7 gigawatts at the end of Q3, and said he would be surprised if less than 13 GW were added by the end of next year, while acknowledging that not everything may go right. The superintelligence segment produced $7.6 billion in revenue and $5 billion in adjusted EBITDA. The formal guidance is Q1 2027 revenue of $33 billion to $37 billion.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.