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Meta puts Muse agent at heart of AI strategy, plans new stock to power investments

Meta puts Muse agent at heart of AI strategy, plans new stock to power investments

·Excerpt
Meta puts Muse agent at heart of AI strategy, plans new stock to power investments
Image: Meta puts Muse agent at heart of AI strategy, plans new stock to power investments

By Jaspreet Singh and Katie PaulOct 21 - Meta introduced new non-voting shares on Wednesday to help fund the social media giant's costly AI expansion, as executives laid out their vision for organizing the company's future around its nascent AI agent business.Shares of the Facebook and Instagram parent rose more than 4% in extended trading. Meta also forecast fourth-quarter revenue above Wall Street estimates and reported strong growth of its new consumer AI agent app Muse.The company has been pouring…

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