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Meta's Muse rekindles fears over winners and losers as personal AI agent emerges

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Meta's Muse rekindles fears over winners and losers as personal AI agent emerges

Business News Tech AI Meta's Muse rekindles fears over winners and losers as personal AI agent emerges

Meta's Muse rekindles fears over winners and losers as personal AI agent emerges

Meta's Muse, the first major consumer product to emerge under Alexandr Wang since he was hired to head its AI efforts last year, has split the fortunes of US stocks this week.

Meta's Muse, the first major consumer product to emerge under Alexandr Wang since he was hired to head its AI efforts last year, has split the fortunes of US stocks this week. Muse, which allows users to delegate tasks such as shopping, travel booking and form-filling to an AI agent , overtook ChatGPT as the top free app on Apple's App Store and Google Play Store in the US and Canada. The app recorded 2.8 million downloads within two weeks of its launch, posting an average daily download growth of 55% in the first 10 days, according to market intelligence company Sensor Tower.

Investors worried that Meta's scale could turn Muse into a powerful comparison-shopping tool, enabling consumers to more easily find lower-cost alternatives and weakening the loyalty that often keeps users with incumbent providers. The development dragged on several sectors this week, while Meta and AI-infrastructure related companies rallied. "Meta has really found lightning in a bottle here and someone who partners with Muse is likely to be a clear beneficiary off the bat to me. As far as net losers, it's just going to take more time to find out," said Michael O'Rourke, chief market strategist at JonesTrading.


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