Shopify gives Meta's AI agent a home
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What is the new partnership between Shopify and Meta’s Muse AI agent?
Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis. Good afternoon. Today is Tuesday, September 22nd, and I'm your host, Kim Khan. Our top story so far: Shopify is partnering with Meta to allow its AI agent Muse to complete purchases on behalf of users after Amazon moved to block the AI tool from its retail platform. Muse users can shop at Shopify stores and complete purchases through ShopiPay, Shopify's accelerated checkout service. Muse was launched by Meta earlier this month.
How is Alibaba’s latest Quen AI model expected to impact the AI market?
Month and is designed to carry out tasks for users, including finding products and completing online purchases. On Monday, Amazon blocked Muse from shopping on its website. Amazon said third-party applications making purchases on behalf of customers should respect a retailer's decision on whether to participate, and said it had asked Meta to remove Amazon from Muse. Bots could jeopardize Amazon's lucrative ad business by bypassing its native storefront. Among active stocks, Alibaba is up after it provided further details on its Quen artificial intelligence models and full stack AI infrastructure. The company said its newest AI model, Quen 4, is in training and that future models Quen 4.5 and 5 would scale up to 5 to 10 trillion parameters.
Why is Viking Therapeutics’ obesity drug trial causing a 30% stock surge?
It also took the Rapsoff Quinn Audio 3.1 TTS Next, an audio generation model that can create a complete cinematic soundscape. Viking Therapeutics is soaring 30% after its GLP one GIP receptor agonist delivered twenty two percent weight loss and showed potential for maintaining weight loss effects with less frequent dosing. And Rosenblatt started coverage of Sandisk with a buy rating and a twenty four hundred dollar price target. Analyst Kevin Cassidy said new AI compute platforms are creating an opportunity to reposition NAMD Flash from a commodity storage medium to a more system critical component of AI infrastructure. In other news of note, DoorDash agreed to pay New York City delivery drivers who were underpaid tips after the company moved tipping to after checkout in response to the city's new minimum wage law.
Driver tips fell more than three dollars on average to less than one dollar after the move to after checkout tipping.
What led DoorDash to admit underpayment of driver tips and how are they fixing it?
This amounted to more than five hundred and fifty million dollars in lost tips for DoorDash and Uber Eats delivery people. Simply put, we screwed up, DoorDash posted. While these mistakes weren't intentional, that doesn't make them okay. We are sorry to the dashers we let down. And in the Wall Street Research Corner, we've got a new big three. Three AI companies have amassed valuations that eclipse the combined first aid value of all US tech companies that went public over the past forty-five years.
How do the valuations of OpenAI, Anthropic, and SpaceX compare to historic US tech IPOs?
OpenAI, Anthropic, and SpaceX are valued at a combined five point two trillion dollars, compared with four point one trillion for three thousand three hundred and sixty-five US technology IPOs between nineteen eighty and twenty twenty five. That's all for today's Wall Street Lunch. Look for links for stories in the show notes section. Don't forget, these episodes will be up with transcriptions at seekingalpha.com slash WSB. Enjoy the highest level discussion of any stock or ETF with our community of serious investors like you. Find us at seekingalpha.com slash subscriptions.
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Chapters
5 chapters
1
What is the new partnership between Shopify and Meta’s Muse AI agent?
0:02–0:36
2
How is Alibaba’s latest Quen AI model expected to impact the AI market?
0:36–1:19
3
Why is Viking Therapeutics’ obesity drug trial causing a 30% stock surge?
1:19–2:14
4
What led DoorDash to admit underpayment of driver tips and how are they fixing it?
2:14–2:42
5
How do the valuations of OpenAI, Anthropic, and SpaceX compare to historic US tech IPOs?
2:42–3:14