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00:02Meta launched its MuseSpark AI model on Wednesday,
00:05marking its first major release since hiring Scale AI CEO Alexander Wang
00:09to lead its AI unit, according to CNBC.
00:12Originally codenamed Avocado,
00:14MuseSpark is the first AI model in its new Muse series
00:16developed by Meta Superintelligence Labs under Wang.
00:19The model is the first in Meta's new Muse series
00:22and is designed to be small, fast, and capable of reasoning
00:25across science, math, and health tasks.
00:27Meta is seeking to regain momentum in the competitive AI market
00:30after its latest open-source models failed to attract developers,
00:34prompting Mark Zuckerberg to shift strategy.
00:36Meta expects 2026 AI capital expenditures
00:38between $115 billion and $135 billion.
00:42Shares rose nearly 9% Wednesday
00:44and headed for their sharpest rally since January.
00:46For all things money, visit Benzinga.com.
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