And the circle begins again

Ipek Ozkardeskaya ipekScope

What a difference a week can make! Last week started with crude oil prices hitting fresh highs since May, while AI enablers were being battered by news that frontier-model providers like OpenAI and Anthropic were calling for slower progress amid concerns over the potential risks of increasingly powerful AI.

This week kicks off with crude oil retreating sharply on Middle East peace hopes, and AI enablers roaring on news that Muse AI – Meta’s latest personal AI agent – has risen to the top of mobile app charts, reshuffling the cards in favour of the AI trade. Muse AI – capable of drawing data across Meta’s apps, connecting with third-party services and completing tasks on a user’s behalf – fuelled AI demand expectations across the supply chain, as agents could require significantly more computing power than general-purpose chatbots.

Looking beyond: Muse AI is the first one, and others will likely follow, though this expansion into third-party services won’t be a walk in the park. Amazon already blocked Muse AI from accessing its services – it doesn’t want Meta bots to spy around its own ecosystem – and it’s certainly a matter of time before Amazon-powered (and other) AI agents hit the web. What a time to be alive!

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Author

Ipek Ozkardeskaya

ipekScope

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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