WS #16022
Meta has released Muse Spark, an 816-billion parameter open-weight model, which analysts view as a strategic counter to Chinese AI advancements rather than a direct revenue driver. This release coincides with broader tech jitters, as evidenced by muted market openings and warnings from Gartner regarding AI cloud valuations. However, Shopify received a price target raise from RBC Capital, suggesting that while the AI narrative is cooling, e-commerce fundamentals remain resilient for select names.
AI Model Release and Tech Jitters
Meta has released Muse Spark, an 816-billion parameter open-weight model, which analysts view as a strategic counter to Chinese AI advancements rather than a direct revenue driver. This release coincides with broader tech jitters, as evidenced by muted market openings and warnings from Gartner regarding AI cloud valuations. However, Shopify received a price target raise from RBC Capital, suggesting that while the AI narrative is cooling, e-commerce fundamentals remain resilient for select names.