Stocks rise on AI buzz, drop in oil prices
Source: AFP ·
Stock markets climbed on Tuesday as the success of Meta's new AI agent and US-China talks on artificial intelligence fanned a tech-led rally.- AI apocalypse - US and Chinese economic officials met Sunday in New York for closely watched talks on trade and artificial intelligence to lay the groundwork for the meeting.
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Stock markets climbed on Tuesday as the success of Meta's new AI agent and US-China talks on artificial intelligence fanned a tech-led rally. Facebook owner Meta surged 11 percent, Bloomberg reported, after its free AI agent Muse topped download charts following its release earlier this month. Meta said Muse -- which can book travel, send emails and make purchases -- was built for users with no technical background and is designed to work the way people already message each other, either in a dedicated app or inside WhatsApp. "Meta's Muse might well be the consumer facing manifestation of AI agents, in a way Claude Cowork and ChatGPT currently are the business facing applications for now," said economist Michael Wan at MUFG. Asian markets were mostly in the green, with South Korea's tech-rich Kospi up 1.7 percent and Taiwan's Taiex -- home to chipmaking titan TSMC -- up 1.4 percent in early trading. The gains followed Wall Street indices capping a buoyant day, with the Nasdaq…