Meta surprises by unveiling handheld AI device, glasses

Shopify (SHOP) shares rose 8% after announcing a partnership with Meta's (META) Muse AI agent, enabling agentic checkout with Shop Pay. Meta shares gained 1% following an 11% jump the prior day. Deutsche Bank called the deal strategically important, while JPMorgan sees Muse as a potential leading consumer AI app. Amazon (AMZN) has blocked Muse from its platform.

Meta Platforms (META) launched camera-free smart glasses at its Connect conference, adding to its existing camera-equipped lineup. The move follows pressure from advocacy groups over privacy concerns. META shares closed down 2.44% on the day. Meta's revenue and net income have grown significantly over the past two years, with Q2 2026 revenue at $60.801bn. The company sold over 7 million smart glasses units in the prior year, primarily camera-equipped models.

Meta's Muse AI app, launched Sept. 8, helps users delegate tasks like booking travel, sending emails, and handling customer service. Users report success in tasks like securing flight credits and waiting on hold for them. Muse has topped Apple’s App Store, and Meta shares rose 11% on Sept. 21 as Wells Fargo raised its price target. Users share examples online, but security risks are noted. Muse is in beta for calling features.

Meta Platforms (NASDAQ:META) unveiled the Muse Charm, a handheld device for its AI agent Muse, alongside new smart glasses. The device features a screen and 5G connectivity, with availability by December. CEO Mark Zuckerberg announced Muse's integration with partner apps, including Walmart and Best Buy, and plans for monetization. Meta shares fell 0.4% in aftermarket trading.

New Mexico officials, including Attorney General Raúl Torrez and Democratic nominee for governor Deb Haaland, plan to introduce legislation to increase penalties and restrictions on social media platforms, especially those using AI, to protect children and consumers. The proposed 'Online Safety and Accountability Act' aims to curb addictive features, verify children's ages, and establish an office to investigate violations.

Meta integrated a commerce stack for its AI agent Muse, partnering with Stripe, Shopify, and PayPal. Muse can now handle product discovery to payment without human intervention. Shopify's CEO and Meta's head of AI announced deep integration. PayPal's stock rose 5% on the news. Keybanc raised Meta's price target to $900.