fintech / news / / CNBC
JPMorgan says Meta Platforms is a buy following the release of its long-awaited artificial intelligence model.
Meta launched its Muse Spark AI model, directly competing with OpenAI's ChatGPT and Anthropic's Claude.
KEY POINTS
- Muse Spark is the first product from Meta Superintelligence Labs, a new AI-focused division.
- Meta invested $14.3 billion to acquire leadership from Scale AI, appointing Alexandr Wang to lead the unit.
- JPMorgan reaffirmed its $825 price target for Meta, citing confidence in Meta's AI scaling trajectory.
COMPANIES
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