Breaking news

Meta’s Muse Is Outpacing ChatGPT In Early Mobile Adoption, New Data Suggests

Meta’s new AI app, Muse, may be emerging as one of the company’s strongest consumer launches to date. Fresh estimates from market intelligence firm Apptopia suggest the app has outperformed ChatGPT in early mobile traction, at least in the U.S. and Canada.

According to Apptopia, Muse recorded more downloads in its first 12 days on the market than ChatGPT did during the comparable period after its mobile debut. The comparison, limited to the U.S. and Canada, puts Muse’s iOS downloads at 1.8 million versus 1.3 million for ChatGPT over the same initial window.

A Strong Early Start Across Platforms

In total, Muse has reached 2.8 million global installs in its first 12 days, according to the firm. The app’s momentum also appears to be holding. After debuting at No. 2 on the U.S. App Store, Muse has since climbed to No. 1, surpassing ChatGPT, according to reporting from Business Insider. Appfigures had previously estimated that Muse crossed 1 million downloads shortly after launch.

That early rise matters because app-store performance in the first days after launch often signals whether a product can sustain consumer attention beyond initial curiosity. In Meta’s case, the data suggests Muse is not simply benefiting from novelty; it is gaining ground quickly enough to challenge the category leader.

Daily Users Show Similar Momentum

Apptopia’s estimates point to another favorable comparison for Meta: daily usage. In the U.S. alone, Muse is said to have 642,000 daily active users, well above the 231,000 ChatGPT had at the same stage of its mobile rollout.

To make the comparison fairer, Apptopia also narrowed the analysis to iOS only, since ChatGPT launched on iPhone before expanding more broadly. Even under that tighter lens, Muse still comes out ahead, with 359,000 daily active users on iOS compared with ChatGPT’s earlier figure.

Why Meta Has An Advantage

Third-party estimates are not the same as internal company data, and Apptopia cannot see Meta’s proprietary numbers. Still, even directional data suggests Muse may be on track to become a meaningful consumer product for Meta.

That possibility is strengthened by Meta’s distribution advantage. The company has already demonstrated how powerful its ecosystem can be with Threads, which surpassed 500 million users after heavy promotion across Instagram and Facebook. Muse is likely to receive a similar boost, especially because it can connect across Facebook, Instagram, and WhatsApp.

Apptopia does not track Meta’s internal promotion strategy, but its data indicates that more than 95% of Muse users are also Facebook users, while 63% are Instagram users. That overlap underscores how effectively Meta can move users across its products when it chooses to prioritize a launch.

The Strategic Test For Meta

For Meta, the early signal from Muse is less about one app’s download count than about whether the company can turn its scale into durable AI adoption. The first test is attention. The harder one is retention.

If Muse can convert early downloads into habitual use, Meta may have found a new front door into its AI ambitions. If not, the app risks becoming another example of how easily mobile hype can spike before settling back down.

Meta, which was asked for comment, has not yet released public figures on Muse’s early adoption.

Cyprus Credit Servicers Manage €9.3 Billion In Household Loans As NPL Ratio Stays Near 95%

Cyprus’ credit servicers and credit acquiring companies continued to shoulder one of the most distressed corners of the island’s financial system, managing a combined loan portfolio of €19.28 billion at the end of June 2026, according to data published by the Central Bank of Cyprus (CBC).

Households Remain The Largest Exposure

The latest aggregate figures, which cover the credit servicers and credit acquiring companies sector as of June 30, 2026, show that household debt remains the dominant component of the portfolio. Loans linked to households totalled €9.345 billion, while non-financial corporations accounted for €9.205 billion. A further €726 million was tied to other financial corporations.

The scale of those exposures underscores the role these firms play in Cyprus’ post-crisis loan resolution landscape, where large volumes of distressed debt have been transferred out of the banking system and into specialised management vehicles.

Npl Ratio Holds At Elevated Levels

The sector’s non-performing loan ratio stood at 94.6 per cent at the end of June, virtually unchanged from March 2026. In practical terms, that means the portfolio remains overwhelmingly composed of loans in distress, highlighting the challenge credit servicers continue to face in collections, restructurings and recoveries.

The net book value of the portfolio was €2.671 billion at the end of the quarter. The gap between the contractual balance and the net book value reflects valuation adjustments and accounting treatments applied to these loan books.

Borrower Base Concentrated In Households

The total number of borrowers managed by the sector reached 62,771 at the end of June. Households made up the clear majority, with 53,494 borrowers. Non-financial corporations accounted for 9,214 borrowers, while other financial corporations represented 63 borrowers.

That concentration reinforces a broader pattern in Cyprus’ distressed credit market: household balance sheets remain central to the work of the sector, even as corporate exposures continue to account for a substantial share of the total outstanding balance.

Property Holdings Decline In The Second Quarter

Credit acquiring companies also reduced their property holdings during the second quarter. The number of properties on their books fell to 7,714 at the end of June from 8,014 in March, a decline of 300 properties over three months.

The open market value of those assets moved lower as well, dropping from €968 million in March to €918 million in June. The €50 million decline, or roughly 5.2 per cent, suggests a continued drawdown in real estate assets linked to distressed loan portfolios.

A Clearer View Of Cyprus’ Distressed Asset Market

The Central Bank’s latest data offer another snapshot of a sector that remains central to Cyprus’ handling of bad loans and collateral recovery. With nearly €19.3 billion in loan portfolios, an NPL ratio still close to 95 per cent and thousands of properties held as part of the resolution process, credit servicers and credit acquiring companies remain key players in the country’s broader financial cleanup effort.

The Future Forbes Realty Global Properties
Aretilaw firm
eCredo
Uol

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter