Meta’s new AI agent sees artificial intelligence stocks boom while banks and insurers take a hit

CommSec’s James Gruber has analysed the surge in AI stocks off the back of Meta’s new artificial intelligence agent, Muse.

“The thought is that it could disrupt a lot of other businesses in banks, insurers, retailers,” he told News24.

“They fell quite sharply because this new AI assistant does consumer transactions, booking holidays and so forth.”

Presented by CommSec.