Meta Platforms Stock Rises as Muse Spark 1.1 AI Model Debuts

Summary

Meta Platforms Today$662.15 -7.06 (-1.05%) As of 03:02 PM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$520.26▼$796.25Dividend Yield0.32%P/E Ratio24.06Price Target$838.26 After being down and out for several months, shares of Magnificent Seven giant Meta Platforms NASDAQ: META are starting to get their groove back. The stock recently popped 8.8% on reports that Meta will enter the cloud computing business, selling excess capacity to third parties. Meta shares then saw two large single-day up moves on July 9 and July 10, rising 4.7% and 6%. Part of the stock’s latest gain is due to what is likely Meta’s most significant artificial intelligence (AI) model release: Muse Spark 1.1.Get Meta Platforms alerts:Sign Up Data indicates that Muse Spark 1.1 is Meta’s most intelligent model yet. Additionally, the model may mark the beginning of an inflection point in Meta’s ability to generate revenue from AI products. Muse Spark 1.1: Meta’s AI Model Intelligence Is on the RiseArtificial Analysis is a helpful source for gauging the relative capabilities of AI models. The company tests models on agentic, coding, general intelligence, and scientific reasoning to give them an “Intelligence Index” score. Currently, Muse Spark 1.1 has a score of 51, which is higher than any model developed by Alphabet NASDAQ: GOOGL. However, it still ranks below many of Anthropic's and OpenAI’s latest models, several of which have scores above 55. Muse Spark 1.1’s score is also significantly higher than that of Meta’s initial Muse Spark model, with a score of 43. Going forward, it will be important to see whether Muse Spark 1.1 maintains this score and its relative standing among other models. Initially, Meta’s first Muse Spark model had a score of 52, but this has since fallen. This is likely because Artificial Analysis updates and reweights its evaluation framework over time. Still, based on the latest testing, Muse Spark 1.1 represents a significant improve...