Meta's Muse AI Tops App Store, Llama Powers 38% of Sovereign LLMs
META sits 42% above its 52-week low of $520.26.
Summary
Meta's new Muse AI agent hit No.1 on the U.S. App Store with 2.5-2.8M downloads in 12 days and 557K daily users, signaling strong consumer traction for its AI push. The company also revealed Llama base models power 38% of adapted sovereign LLMs surveyed by Counterpoint, making it the most used foreign base model. Muse monetization includes free, $20, and $100 monthly tiers with Shopify and PayPal integrations, and UBS sees potential for a trading-like revenue channel. Separately, Meta announced Petal, a 7,000 km petabit-scale subsea cable to France for private AI training, and a multi-year Corning deal worth up to $6B for U.S. data center fiber. These developments follow Meta's Q2 earnings miss and heavy AI capex, but show concrete product momentum that could support the stock's AI narrative.
Updates
· Dow Jones Newswires — Meta shares rose 2% on Tuesday, extending an 11% gain Monday, and the company is expected to unveil further Muse capabilities at its Meta Connect developer conference today.
At the time of this announcement, META was trading at $741.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.9T. The 52-week trading range was $520.26 to $785.73. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.