Tech shares declined on Monday as Meta announced its open AI vision and Intel prepared to raise $15 billion through a stock sale, signalling a shift in AI sector dynamics and investor focus.
Tech shares fell at the start of trading on Monday as investors weighed two developments that underscored how central artificial intelligence has become to the sector: a new policy vision from Meta chief executive Mark Zuckerberg and Intel’s plan to raise $15bn through a stock sale.
In a lengthy manifesto, Zuckerberg argued that AI should be built for broad use rather than controlled by a narrow group of experts. He said Meta rejects the idea that superintelligence, or a small circle of people, should decide what is best for everyone, framing the company’s approach as one that leaves room for individual choice. The remarks build on Meta’s recent push to position itself as a more open alternative in AI, even as the company has also tightened control over some of its latest systems. Axios reported in August that Zuckerberg has been pressing a more public case for open, democratised AI policy at the same time as political pressure grows for firms to slow development.
Meta’s AI strategy has already gone through a major reset this year. In April, the company introduced Muse Spark, the first model from its new Meta Superintelligence Labs, after a large investment in Scale AI. Reports from TechCrunch, Wired and Ars Technica at the time said the model marked a ground-up overhaul of Meta’s AI work, with access initially limited to Meta’s own products and selected partners. By July, Axios reported that Meta had added more agent-like features to the system, including the ability to work with tools such as Google Calendar and Gmail, while still trailing some rivals in autonomous capability.
The new manifesto also fits with Meta’s latest product messaging. According to the company, it has now introduced Muse Glimmer, an open-weight model that users can download and run on their own devices. That is a notable shift in emphasis for a company that has at times alternated between openness and tighter product control as it tries to compete with OpenAI, Anthropic and Google.
Intel’s move was more straightforward but no less consequential. The company said it will sell $15bn in common stock to support growth, even as demand for its chips remains supported by the AI spending boom. The fundraising comes at a time when semiconductor companies are racing to secure capital for manufacturing, research and supply-chain expansion. On Tuesday, investors will also be watching earnings from Supermicro and CoreWeave for further signs of how AI demand is shaping the broader technology market.
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