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Meta’s Muse and a claimed $1 trillion hit to other firms’ market value
Reuters Breakingviews argues that the digital concierge’s release wiped out market value at travel, financial and media firms.
TLDR
Reuters Breakingviews argues that Meta’s Muse, a digital concierge with a cute mascot, wiped out $1 trillion in market value once held by travel, financial and media firms. The commentary suggests the panic may be brief as rival agents emerge and affected businesses make more sophisticated use of AI.
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