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MarketWise: Meta stock rises 2 percent as new AI model Muse Glimmer beats Google Gemma

MarketWise: Meta stock rises 2 percent as new AI model Muse Glimmer beats Google Gemma
Meta shares rise on AI launch

Meta released its latest AI model, Muse Glimmer, which is available to the public for free.

The new model, capable of running locally on consumer hardware, has reportedly outperformed Google’s comparably sized Gemma model in a key agentic benchmark. Following the announcement, Meta shares rose by approximately 2 percent. The decision to give away a sophisticated and potentially expensive AI model for free is fueling debate about long-term strategies in the AI sector and the financial implications for leading technology firms.

Recent industry moves have seen AMD partner with Anthropic on a $5 billion AI infrastructure deal. Separately, Bitdeer has announced a $4.7 billion shift from cryptocurrency mining to AI infrastructure, including a major partnership with Anthropic to upgrade its mining campus. These developments highlight rising competition among technology firms investing heavily in AI capabilities.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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