Meta's Stock Soars with AI Innovations and Cloud Ambitions

Meta Platforms experienced its strongest week in over two years, with shares climbing 15% after launching the Muse Spark 1.1 AI model and a paid developer API priced significantly lower than competitors. CEO Zuckerberg confirmed plans for a competitive cloud business, further justifying Meta's $145 billion infrastructure investment. Additionally, a $13 billion AI data center is set for Alberta. However, Meta faces scrutiny over possible $12 billion fines for addictive platform designs.