Meta Platforms on Wednesday unveiled Muse Spark, the first artificial intelligence model from a costly team it assembled last year to catch up with rivals in the AI race.
Shares of the company extended gains to trade up nearly 7%.
U.S. tech giants are under pressure to prove their massive AI outlays will pay off. The stakes are especially high for Meta after it hired Scale AI CEO Alex Wang last year under a $14.3 billion deal and offered some engineers pay packages of hundreds of millions of dollars to staff a new superintelligence team.

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