GM. This is Milk Road Stocks where AI agents are about to start spending your money.
Meta just launched an AI agent that can actually buy things for you. In this edition, we explain why this could be a massive catalyst for META.
First, a quick detour to private markets.
On Sept 23, Milk Road's Martin sits down with Alumni Ventures to talk about blockchain and private markets. Save your free seat here.
META LAUNCHES A PERSONAL AI AGENT 🤖
There was a big announcement that came out yesterday.
Meta launched Muse that’s a personal AI agent that connects to your real apps and acts inside them, rather than just answering questions.
It can send emails, book travel, fill forms, make purchases, negotiate bills and turn recipe Reels into grocery lists.
You give it a goal and it plans, opens a browser and works through the task on its own.
Early usage has "blown way past projections" with users engaging 10x more than test cohorts.
It hit the App Store top 5 in under 24 hours.
For me, the coolest feature of Muse was that you can make payments directly within the chat interface.
Payments run through Link by Stripe using one-time-use cards.
But don’t worry, each transaction requires your approval. You will be approving individual actions as they happen.
The bigger picture here is something we've been writing about for months.
AI agents become economic actors that spend money, book things and complete tasks on behalf of users.
Our PRO analyst Vincent has been saying this for months now:
“The platforms giving users access to AI agents that can transact on their behalf are the ones that win the next decade of consumer technology.”
Muse already has integrations with Shopify and Ticketmaster which means it can already browse, select and purchase from Shopify/Ticketmaster merchants on your behalf.
This is the current pricing structure for Muse:
- Free tier with limits.
- Power plan at $20/month.
- Maximum plan at $100/month.
Meta currently has 3+ billion monthly active users.
So, if even 1% convert to the $20 Power plan that's roughly $7.2B in annualized subscription revenue from a product that launched yesterday.
On the back of this announcement, META is up more than 5% in premarket trading.
Muse is still brand new, so there's plenty that can go wrong. But the early adoption numbers suggest Meta may have found something users actually want.
For a company with 3+ billion users, even a tiny conversion rate can create a very big business.
If you want to see Muse in action, check out this two-minute walkthrough here.
FREE SEMINAR ON BLOCKCHAIN & PRIVATE MARKETS
Is VC capital still flowing into crypto or has AI taken it all?
Where is venture capital actually deploying across crypto and fintech right now?
Join Sophia Zhao (Partner at Alumni Ventures) and Martin from Milk Road for a live fireside conversation covering:
- Where capital is moving across blockchain and fintech
- What the next generation of blockchain companies are actually building
- How accredited investors can get exposure to private markets
The best part? It’s completely free to attend and takes just one hour.
