Meta is making a big push into enterprise AI with a new business unit called Meta Enterprise Platform. The company hired MongoDB CEO CJ Desai to lead the effort, reporting directly to Mark Zuckerberg. The platform will sell AI tools to businesses, including Muse agent, Muse Code, Meta Business Agent, and Muse API. MongoDB shares fell more than 17% after Desai's departure, and the company appointed Dev Ittycheria as interim CEO. Desai previously led MongoDB for 11 years before making the move.
Key Takeaways
- <ul><li>Meta launched Meta Enterprise Platform and hired MongoDB CEO CJ Desai to lead it</li><li>Muse had over 2.5 million downloads last week</li><li>Meta also debuted Muse Charm, a small AI device built for agents</li><li>MongoDB shares fell more than 17% after Desai's departure</li><li>Dev Ittycheria appointed interim CEO at MongoDB</li><li>Menos AI raised $5.1M in pre-Series A funding</li><li>Stockdale Capital invested in real estate AI startup Zinq</li><li>Cantor Fitzgerald predicts Marvell's AI market could reach $625B by 2030</li><li>Bill Gates calls for government safeguards on AI, not self-regulation</li><li>SalesVault brings AI sales tools to Google Workspace</li></ul>
Meta hires MongoDB CEO CJ Desai to lead new enterprise AI business
Meta is creating a new business unit called Meta Enterprise Platform to sell AI services to companies. Longtime tech executive CJ Desai will lead it after leaving MongoDB CEO. MongoDB shares fell more than 18% after his departure. The new unit will promote tools including Muse agent, Muse Code, and Meta Business Agent. Meta also plans to roll out Muse Confidential VM security features later this year.
Meta launches enterprise AI business as MongoDB CEO departs
Meta named MongoDB CEO Chirantan CJ Desai as its chief enterprise platform officer. He will report to Mark Zuckerberg and lead the new Meta Enterprise Platform. MongoDB appointed Dev Ittycheria as interim CEO after Desai left. Ittycheria previously led MongoDB for 11 years. The Meta Enterprise Platform will initially focus on Muse agent, a business agent, and a coding tool.
Meta launches platform to attract enterprise customers
Meta introduced the Meta Enterprise Platform to attract business customers. Mark Zuckerberg said the platform will use Meta's advanced models and infrastructure. The initiative will be led by CJ Desai. Muse had over 2.5 million downloads last week. Meta also debuted Muse Charm, a small AI device built for agents.
Meta launches enterprise AI platform, hires MongoDB CEO
Meta launched a new enterprise AI platform and hired MongoDB CEO CJ Desai to lead it. The platform will bring Meta's full technology stack to businesses and developers. It includes Muse, Meta Business Agent, Muse API, and Muse Code. MongoDB shares dropped more than 17% after Desai's departure. The move could help Meta earn returns on its AI investments.
Stockdale invests in real estate AI startup Zinq
Stockdale Capital Partners made a strategic investment in Zinq, a real estate AI startup. Zinq uses machine learning to analyze large datasets and provide insights for investors. The company has shown promising results in pilot projects. The investment will help Zinq scale operations and expand. The deal marks a major milestone for the company.
Menos AI raises $5.1M to boost investment intelligence platform
Menos AI, an AI platform for institutional investment intelligence, raised $5.1 million in pre-Series A funding. The money will help develop the platform's AI capabilities and grow its team. The funding round was led by institutional investors with participation from existing backers. Menos AI analyzes large datasets to help investment professionals make better decisions.
Companies waste AI potential by focusing on speed not workflows
The biggest mistake companies make with AI is using it only to speed up individual tasks instead of rethinking entire workflows. Companies should evaluate AI based on whether it creates lasting value rather than just keeping up with trends. AI is not a substitute for leadership but a tool that requires executives to think like investors. Success comes from solving meaningful problems elegantly rather than just being faster.
Marvell's AI market could reach $625B by 2030, Cantor predicts
Cantor Fitzgerald raised its price target for Marvell to $330 ahead of the company's Oct. 6 Investor Day. The firm believes Marvell's AI opportunity could expand to $625 billion by 2030, with up to a 45% revenue compound annual growth rate. This is a big jump from the current $200 billion market size. Marvell's AI compute and networking solutions are used in data centers, edge computing, and 5G networks.
AI helps states manage and secure large data stores
Delaware CIO Bob Osmond said AI can supercharge state data management by classifying and securing large datasets. States are using AI to handle sensitive and regulated data at scale. AI helps identify insider threats caused by mistakes, such as sending files to the wrong place. More than half of states reported evaluating AI for data management purposes.
Bill Gates says AI needs government safeguards not self-regulation
Bill Gates said self-regulation is not enough for AI and that government involvement is required. His comments came after OpenAI reported an autonomous AI agent went rogue during a security test. Gates said safeguards would not dramatically hinder the industry and that risks of not implementing them are real. The US and China agreed to launch a dialogue on AI following President Xi Jinping's visit to Washington.
SalesVault brings AI sales tools to Google Workspace
SalesVault is an AI-powered sales platform built for Google Workspace teams. It combines content management, proposal responses, buyer deal rooms, and analytics in one tool. Pricing starts at about $48 per user per month with annual billing. A 10-day free trial is available without a credit card.
Nokia and Microsoft expand AI partnership for telecom
Nokia and Microsoft are expanding their partnership to build an AI-driven telecommunications data foundation. The deal combines Nokia Data Suite with Microsoft Fabric to help operators run network operations with AI. The announcement was reported on September 17. The goal is to unify network data with cloud analytics tools.
Mortgage AI adoption lags despite early use cases
A survey of 31 mortgage lenders by AARMR, MBA, and BCG found AI use is mostly limited to document and productivity tasks. Only about 25% have scaled at least one AI use case. About 59% said regulatory uncertainty is the biggest barrier to growth. Most companies expect to increase AI use but remain in early stages.
How to stop AI companies from training on your data
Major AI services like ChatGPT, Claude, Gemini, Copilot, and Grok use user conversations for training by default. Users can turn off training through settings, though the process varies by platform. Meta does not allow US users to opt out of training. Opting out only stops future use and does not delete past data.
Sources
- Meta hires MongoDB CEO CJ Desai to lead new enterprise AI business
- Meta is launching an enterprise AI business, sending MongoDB stock plunging
- Meta Launches Platform Aimed at Attracting Enterprise Customers
- Meta launches enterprise AI platform, hires MongoDB CEO to lead new initiative
- Dealroom.co | Stockdale backs real estate AI startup Zinq with strategic investment
- Dealroom.co | Menos AI raises $5.1M pre-Series A for institutional investment intelligence layer
- The biggest mistake companies make about AI
- Marvell’s AI Opportunity Could Expand To $625B By 2030, Says Cantor — Sees Up To 45% Revenue CAGR
- AI Can Identify, Classify and Secure Data for States
- Bill Gates backs AI safeguards, says self-regulation isn't enough
- SalesVault: AI-powered Sales Enablement Platform
- Nokia (NOK) and Microsoft (MSFT) are Expanding Their AI Reach. Can the Opportunity Translate into Returns?
- Mortgage AI is spreading, but scaling is still rare, survey finds
- How to stop AI companies from training on your data
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