15 AI News Investors Should Not Miss

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

Number of Hedge Fund Holders: 219

Meta Platforms, Inc. (NASDAQ:META) is a social technology company building applications and technologies that help people connect, find communities, as well as grow businesses. The company leverages artificial intelligence to enhance user experiences and develop new technologies. Nearly 500 million people use Meta AI, an intelligent assistant that is capable of following instructions, visualizing ideas, and solving nuanced problems.

On October 25, American news website Axios reported that Meta Platforms, Inc. (NASDAQ:META) has struck a multi-year deal with Reuters, a news agency owned by Thomson Reuters. This marks the first news deal that Meta has secured since the onset of the AI era. Users of Meta AI’s chatbot feature will be able to access real-time news and information from Reuters when they question about news or current events. According to a Meta spokesperson, the partnership aims to offer a useful experience for those seeking information on current events.

“While most people use Meta AI for creative tasks, deep dives on new topics or how-to assistance, this partnership will help ensure a more useful experience for those seeking information on current events”.

-Meta Spokesperson

“We can confirm that Reuters has partnered with tech providers to license our trusted, fact-based news content to power their AI platforms. The terms of these deals remain confidential”.

-Spokesperson for Reuters, said in a statement.

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