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

Oct 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.