By TradingView
Publication Date: 2026-09-28 19:39:00
To compete with Microsoft, Salesforce, ServiceNow, and Oracle in enterprise software, Meta Platforms (META, Financials) is expanding its AI stack.
Meta Enterprise Platform, a new business pillar, offers its technologies directly to enterprises and developers. Muse, Meta Business Agent, Muse API, and Muse Code will be among the platform’s technologies.
Meta also hired MongoDB CEO Chirantan “CJ” Desai to lead. Facebook CEO Mark Zuckerberg praised Desai’s AI, infrastructure, commercial applications, and security expertise for constructing the new platform.
Meta enters the competitive corporate AI tool market with the announcement. After the news, software companies fell Monday, although a broader market loss makes it hard to blame Meta’s growth.
ServiceNow (NOW) slumped 3.4%, Oracle (ORCL) 4%, and Microsoft MSFT 1.3%. Software stocks like Salesforce (CRM) fell.
IGV fell 0.7%. MongoDB (MDB) shares fell dramatically Monday after Desai’s surprise resignation led to heavy selling. The larger…
