Innodata shares surge 14.61% on Meta Muse speculation and AI outlook

  • Innodata shares rose 14.61% after Hunterbrook linked the company speculatively to Meta’s Muse assistant.
  • Innodata reported $92.1 million of second-quarter revenue, up 58% year over year; analysts projected Muse could reach 100 million users within six to 12 months.
  • Neither company confirmed Innodata’s involvement, while analysts identified monetization opportunities and estimated 100 million users could require 1.6 to 1.7 gigawatts of compute capacity.

Innodata shares jumped 14.61% Tuesday to close at $69.97 after Hunterbrook suggested the AI data specialist may support Meta’s Muse assistant. Meta introduced Muse on September 8, and Reuters recorded 2.8 million installations in its first 12 days. Analysts said Muse could reach 100 million users within six to 12 months and generate revenue through subscriptions, advertising, commerce and services for Meta’s roughly 200 million small businesses, although competition and the need to justify substantial AI investment remain. Neither Meta nor Innodata has confirmed a relationship, while Hunterbrook Capital disclosed a long position in Innodata. Innodata reported second-quarter revenue of $92.1 million, up 58% year over year, while 100 million Muse users could require about 1.6 to 1.7 gigawatts of compute capacity and roughly $50 billion in capital spending per gigawatt.

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Innodata shares surge 14.61% on Meta Muse speculation and AI outlook - CoinPost Terminal