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Meta's Muse agent and new hardware drive $234 billion market cap gain

Meta's $14.3 billion acquisition of Scale AI employees, including Alexandr Wang, is showing strong returns as the company's stock surged. Tech investor Adam Khoo noted on X that the deal, which included a $5 billion package for Wang, has helped Meta shift from being seen as late to the AI race to leading it. Under Wang's leadership, Meta's new AI products have contributed to an estimated $200…

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Key points from the news

  • Meta's market cap increased by $234 billion in five days following the Muse agent launch.
  • Muse agent reached 2.8 million downloads in 12 days, surpassing ChatGPT's initial adoption rate.
  • Meta launched $1,299 VR Glasses and $249 Ray-Ban Meta Gen 3 glasses at its Connect event.

At the Meta Connect event, the company unveiled the Muse Charm, a standalone pocket device for voice interaction with the Muse agent. The Muse app has seen rapid adoption, reaching 2.8 million downloads in its first 12 days in the US and Canada, surpassing ChatGPT's initial uptake. It also set a US daily download record of 264,000 on September 19.

Meta also launched new hardware, including the $1,299 Meta VR Glasses, which weigh 100 grams and feature 5K micro-OLED displays. The company debuted the third-generation Ray-Ban Meta Gen 3 glasses starting at $249, along with camera-free Ray-Ban Meta Audio glasses for open-ear listening. These releases have driven Meta's market cap up by approximately $234 billion in the past five days.

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Full story from aol.com · by AOL · via Search: MetaOpen source ↗

Meta's $14 billion AI bet looks like it's finally paying off

aol.com · 24 September 2026

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This text was published by aol.com and written by AOL. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗

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