AI News Investors Probably Missed

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3. 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. Baird analyst Colin Sebastian recently penned an investor note on the company, noting that the the unveilings by Meta Platforms at the recent Connect event had brought it one step closer to being an artificial intelligence company. Sebastian underlined that Meta Platforms, Inc. (NASDAQ:META) focused on product and usability before monetization, although analysts continued to see a variety of monetization options, including search-based advertising, subscriptions, micro-transactions, and content sales, beyond higher engagement levels and better overall ad performance.

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