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Meta launches new Muse Wonder models in AI race

Meta has released two coding-focused AI models that can retain information across conversations. Its shares also climbed after the launch, according to one market update.

By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .

This story is no longer being updated. It reflects reporting up to .

What happened

Meta launched the Muse Wonder and Muse Wonder Full AI models on Monday, described as a new AI model family. Meta shares rose for a second straight day as the models drew investor interest. Guggenheim raised its target for Meta to $850, citing AI progress and Muse's potential.

Why it matters

Guggenheim warned that monetization and heavy AI spending remain risks for Meta. The reports present Meta as a rival to OpenAI and Anthropic in the AI race.

Timeline

  1. Monday: Meta launched the Muse Wonder and Muse Wonder Full AI models.
  2. Oct 13, 2:53 PM ET: Meta shares rose for a second straight day as the new AI model family impressed investors.
  3. Oct 14, 1:32 PM ET: Guggenheim raised its Meta target to $850, while warning that monetization and AI spending remain risks.

Coverage

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