Meta says its Muse AI app has surpassed 10 million users, with shopping a top activity

·1 views

Meta reported during its third-quarter earnings call that its Muse AI app now has more than 10 million users. According to the company, many people are using the app for shopping and for personal productivity tasks. The disclosure offers a glimpse into how users are engaging with the product. The source material provided only limited detail beyond these points.

Read the full story at TechCrunch

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Meta plans new non-voting share class to fund AI expansion

Meta announced it will issue a new class of non-voting stock to finance its artificial intelligence initiatives. The disclosure came alongside its third-quarter earnings report released on Wednesday. According to the company, the shares will also support potential acquisitions and employee compensation, with trading expected to begin in 2027. Meta cited the large investment needed to compete, grow, and expand infrastructure amid the industry's AI shift. Chief Financial Officer Susan Li said the move would broaden the company's funding options during the earnings call.

0 comments Read more at The Verge

TechnologyNYT Technology ·

Meta Boosts AI Spending as Cash Flow Turns Negative

Meta's latest earnings reveal a further increase in its artificial intelligence spending. That outlay has pushed the Silicon Valley company's cash flow into negative territory. In response to the tighter cash position, Meta said it plans to issue a new class of stock. The move is intended to help the company raise additional funds. The article provided is brief, so further details on the amounts involved are not available.

0 comments Read more at NYT Technology

TechnologyTechCrunch ·

Flapping Airplanes raises $1B at $6B valuation to build data-efficient AI models

AI lab Flapping Airplanes has raised a $1 billion Series A round, valuing the year-old company at $6 billion. The funding comes just nine months after the company closed a $180 million seed round. The startup says its goal is to develop AI models that do not need to ingest roughly half the internet to learn. The article describes the raise as a sign of strong investor appetite for alternative approaches to training AI systems.

0 comments Read more at TechCrunch

TechnologyThe Verge ·

New York's first microdrama film festival, Alza, debuts with vertical-format showcase

Alza, billed as New York City's first microdrama film festival, took place October 16 to 18 and was founded by former Tribeca Festival chief operating officer Pete Torres. The event aimed to highlight creative and cultural developments in stories made for vertical screens. It included microdrama and film premieres alongside industry panels with executives. Filmmakers and creators expressed confidence that their projects would resonate with audiences. The article also questions whether viewers actually want vertical content on traditional horizontal TV screens.

0 comments Read more at The Verge