18 Trending AI Stocks on Latest Analyst Ratings and News

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

Number of Hedge Fund Holders: 219

Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. The company has taken a somewhat different approach to AI than the other tech giants. While the large language models (LLMs) of other AI firms are closed, Meta has decided to open source Llama, the LLM it has developed over the past few years. Companies and businesses can develop their own AI supermodels, tailored to their specific needs, around Llama.

This Meta Platforms, Inc. (NASDAQ:META) strategy is already starting to bear fruit. Major companies have already started making their own AI models with Llama as a base. For example, professional services firm Accenture utilized Llama 3.1 to build a custom large language model to produce an annual ESG report. Telecom firm AT&T is using Llama and generative AI for customer service.