10 AI News Updates Investors Should Not Miss

1. Meta Platforms, Inc. (NASDAQ:META)

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On January 31, The Verge reported on remarks during Mark Zuckerberg’s first all-hands meeting of the year. Meta’s CEO revealed sales figures for the company’s Ray-Ban smart glasses for the first time, sharing with employees that the company sold over 1 million units in 2024. The Ray-Ban Meta smart glasses are a line of glasses by Meta initially launched in 2023. Since then, several new features have been added to its wearable technology, such as multimodal AI to process what one is seeing, hearing, and reading, along with live AI and translations.

“We basically invented the category and our competitors haven’t really shown up yet. I think we’ll probably start seeing some of that maybe a little later this year, maybe next year, but we just have this wide open field right now to run and basically introduce as many people as possible to Meta AI glasses and we should take that opportunity”.

-Zuckerberg said during the meeting.

While we acknowledge the potential of META as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than META but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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