15 Important AI News and Ratings on Investors’ Radar

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

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On January 10, Mark Zuckerberg, CEO of Meta, said that the company will start automating the work of midlevel software engineers this year. Speaking on an episode of the Joe Rogan Experience, Zuckerberg stated that some of the biggest tech companies, including Meta, are already working on this. Even though it may initially be expensive, the company is anticipated to reach a point where all of the code in its apps and the AI it generates will be done by artificial intelligence. Consequently, Meta may eventually outsource all coding on its apps to AI.

“Probably in 2025, we at Meta, as well as the other companies that are basically working on this, are going to have an AI that can effectively be a sort of midlevel engineer that you have at your company that can write code”.

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: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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