Meta has an AI advantage OpenAI and Anthropic can't replicate

More than a year after standing up its superintelligence lab and revamping its AI efforts, Meta (META) is on a roll.

Its newly released Muse AI agent is enjoying early success, and its two new flagship frontier models, Muse Wonder and Muse Wonder Full, have renewed investor interest and earned analyst praise. Wall Street likes what Meta is doing.

The successful launch of new models and a capable AI agent offers more proof that Meta's massive spending spree is translating into results. It also doesn't hurt that CEO Mark Zuckerberg can rely on his legacy ads business to keep his AI ambitions afloat while using it to market Meta's future to its existing customers.

Google (GOOG, GOOGL) has that too. But OpenAI (OPAI.PVT) and Anthropic (ANTH.PVT) do not.

While hardly a secret, Meta's ads machine is an underlooked aspect of the company's AI turnaround strategy. That's because, as every tech company is still figuring out how to make money from AI — Anthropic with business clients, and ChatGPT with subscriptions and a nascent ads platform — Meta already has a business model in place.