Meta’s Muse AI Agent Weighs on Financial Industry as Investors Fear Competition to Human Advisors

BofA unpacks the threat Meta's Muse poses to banks

Banks make a lot of money from people leaving cash idle in low-yielding accounts, but those days could be coming to an end thanks to agentic AI.

SCIENCE & TECH: Meta’s Muse AI agent weighs on financial industry as investors fear competition to human advisors

Meta’s new Muse AI agent is weighing on financial stocks as investors fear the bot could be powerful enough to transform the industry – providing serious competition to human advisors. Leading financial firms Charles Schwab, LPL Financial, Raymond James and Ameriprise Financial fell 0.8%, 1.4%, 0.9% and 1.9%, respectively, by 3:50 p.m. ET Wednesday — as Muse continued to draw plaudits for the array of tasks it can perform since it was released e…

Meta’s Muse AI agent weighs on financial industry as investors fear competition to human advisors

Meta’s new Muse AI agent is weighing on financial stocks as investors fear the bot could be powerful enough to transform the industry – potentially threatening to make human advisors obsolete.

Meta’s Muse Comes for Financial Stocks

The rapid adoption of Muse threatens to disrupt wealth managers, brokerages and insurers.