11 Trending AI Stocks on Latest News and Ratings

8. Life360 (NASDAQ:LIF)

Number of Hedge Fund Holders: 17

Life360 (NASDAQ:LIF) is a technology company that offers location-based services, including location sharing, safety alerts, and emergency dispatch. Their main service is the Life360 app, which families use to share locations and stay connected. On February 27, the company expanded its footprint into the innovative advertising business with the acquisition of Fantix’s advertising unit.

The unit comes with an AI platform that leverages cutting edge machine learning and privacy first technology to enable smart-advertising. With the acquisition, Life360 (NASDAQ:LIF) remains well-positioned to offer advertisers targeted performance-based advertising solutions. It should also strengthen the company’s advertising business.

“We are happy to welcome the Fantix advertising team to Life360. This acquisition reflects our commitment to build a differentiated, privacy-by-design advertising platform that aligns with our mission to serve families. We are confident that with the addition of Fantix’s cutting-edge AI technology and talented team, we’ll be able to deliver a truly best-in-class solution,” said Chris Hulls, Co-founder and Chief Executive Officer of Life360.