10 AI News Updates You Should Not Miss

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

Number of Hedge Fund Holders: 235

Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. On November 29, Indian news publication Pune Pulse reported that a Meta-commissioned study showed the rapidly growing trend of online shopping in tier-2 and tier-3 cities in the Asian country. Per the report, this trend was driven by AI-driven personalization, social media influencers, and the utilization of messaging apps. The report added that while grocery and personal care items were the most frequently purchased, niche categories such as skincare, wellness, and hair care were also becoming more popular.

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