10 AI Stocks on the Move

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

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On April 14, the company announced that it will be using interactions that users have with its AI, as well as public posts and comments shared by adults across its platforms, in order to train its artificial intelligence models in the European Union. Last month, the company launched its AI technology in Europe after facing initial delays due to regulatory concerns on data protection and privacy.

The company further revealed that Facebook and Instagram users in the EU will begin receiving notifications explaining what kind of data the company will harness. They will also receive a form link where they can object to their data being used for training purposes. Private messages and public data from under-18 user accounts will not be used in the training.