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Can Muse overcome Meta’s trust issues?

Confirmed

Technology Desk

In Short: At Meta's annual Connect event, CEO Mark Zuckerberg unveiled Muse, a new AI agent designed for everyday users, marking the company's latest push into artificial intelligence.

Musée Ingres-Bourdelle - Une Muse, dite Muse échevelée, 1912 - Platre - Bourdelle - Joconde06070001201
Photo: Didier Descouens / Wikimedia Commons (Public domain)

Sean O'Kane, a TechCrunch reporter, tried Muse and found it useful for finding unclaimed money but described it as more of a novelty than a driver of ongoing usage.

Kirsten Korosec, also from TechCrunch, noted that Meta's business model revolves around selling ads, raising questions about how users will trust the company with sensitive information.

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Despite Meta's history of controversies, including the Cambridge Analytica scandal and antitrust concerns, the company's suite of apps remains popular, with 43% of the global population using products like Facebook, Instagram, WhatsApp, and Threads.

Justin Patterson, a KeyBanc managing director, told Yahoo Finance that Meta's stock price could rise to $900 following the Muse announcement, with shares already climbing almost 13% over the past week.

The challenge for Meta is not just whether Muse works well, but whether consumers will trust the company enough to grant access to their personal data and financial information.

Zuckerberg has defended Muse's privacy and security features, arguing that they were built into the product from the start.

While Meta currently holds a dominant position in the AI agent market, the company faces competition from Google and Apple, which could develop their own versions of Muse.

Critics argue that users may be hesitant to trust Meta due to past controversies, but supporters believe that the company's deeply embedded user base could be its strongest asset.

For now, Meta is banking on being the first to offer a capable AI agent to establish a dominant market position before competitors catch up.

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