Meta released Muse Spark, previously named Avocado, on Wednesday, the much-anticipated—and delayed—first large language mode under AI chief Alexandr Wang, sending Meta shares soaring as the company seeks to catch up to industry AI giants OpenAI, Google and Anthropic.

BIG NUMBER

$135 billion. That is how much money Meta expects to spend on AI this year, nearly double what it spent in 2025.

FORBES VALUATION

We estimate Wang’s net worth at $3.2 billion. The entrepreneur was the world’s youngest self-made billionaire until October 2025, when Polymarket founder Shayne Coplan took over the title.

TANGENT

Meta is in the thick of litigation accusing it of designing addictive apps harmful to children and was recently ordered to pay $375 million in damages after a New Mexico jury ruled that the company enabled child exploitation on its platforms. A California jury also found Meta liable in a landmark social media addiction case, forcing the company to pay $3 million in damages to a woman who accused it of intentionally designing its apps to be addictive to children.

Forbes:https://www.forbes.com/sites/antoniopequenoiv/2026/04/08/meta-shares-spike-after-tech-giant-launches-muse-spark-its-ai-bid-against-openai-google/

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