Meta stock rises after hours as new AI lab hits milestone, FTC appeal adds overhang
Meta Platforms shares climbed 1.5% to $612.96 in after-hours trading Wednesday, driven by renewed focus on its AI efforts. At the World Economic Forum in Davos, CTO Andrew Bosworth revealed that Meta Superintelligence Labs rolled out its first major AI models internally this month, calling them “very good.” The company is clearly racing to keep up with rivals like Alphabet’s Google. Bosworth acknowledged there’s still “work to do post-training” before the tech can be widely released. He also highlighted the AI-powered Ray-Ban Display glasses, whose international launch was paused this month to prioritize U.S. demand.