Apple Inc. (AAPL) Launches ‘Apple Invites’ App with AI-Driven Event Planning and Custom Invitations

We recently compiled a list of the 9 AI Stocks Investors Are Monitoring. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against the other AI stocks.

The European Commission has recently issued guidelines intended to standardize rules across the AI industry in Europe. As reported by Reuters, employers will be banned from using artificial intelligence to track staff’s emotions. Similarly, websites will not be allowed to trick users into spending money. The Artificial Intelligence Act, which has been binding since last year, will be fully applicable on Aug. 2, 2026. The AI Act is deemed the most comprehensive set of rules governing AI globally. Some of these provisions, such as using the internet to create facial recognition databases, have already gone into effect on February 2nd.

“The ambition is to provide legal certainty for those who provide or deploy the artificial intelligence systems on the European market, also for the market surveillance authorities. The guidelines are not legally binding”.

-European Commission official

READ NOW: Top 10 AI Stocks Trending On Wall Street and 10 AI Stocks on Analysts’ Radar Right Now

Some practices banned under the guidelines include AI-enabled dark patterns embedded in services that are meant to manipulate users into making hefty financial commitments and AI-enabled applications that exploit users based on their age, disability, or otherwise. European Union countries have until Aug. 2 to designate market surveillance authorities to enforce the AI rules, Reuters noted.

The ban also comes with heavy fines, ranging from 1.5% to 7% of a company’s total global revenue, in case of AI breaches. However, the Financial Times has reported that Trump has threatened to target Europe in reaction to fines levied against American companies under the AI Act.

“There is definitely a worry in Brussels that the new U.S. president will raise pressure on the EU around the AI Act to ensure that U.S. companies don’t have to deal with too much red tape or potentially even fines”.

-Patrick Van Eecke, co-chair of law firm Cooley’s global cyber, data and privacy practice.

For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

Apple (AAPL) Navigates Tariffs With AI Growth & India Expansion

A wide view of an Apple store, showing the range of products the company offers.

Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 158

Apple Inc. (NASDAQ:AAPL) is a technology company that has recently launched Apple Intelligence, its personal intelligence system. On February 4th, the company announced the launch of Apple Invites, a new application for iPhones that allows users to create custom invitations to gather friends and family for any occasion. Users can use the app to create and share invitations, RSVP, contribute to Shared Albums, and even interact with Apple Music playlists. Apple Invites also includes Apple Intelligence, which can help users generate images for invites and even write the invitation with the company’s Writing Tools. Apple Intelligence can also share a photo album or playlist with an event’s guest list, the company noted.

“With Apple Invites, an event comes to life from the moment the invitation is created, and users can share lasting memories even after they get together. Apple Invites brings together capabilities our users already know and love across iPhone, iCloud, and Apple Music, making it easy to plan special events”.

-Brent Chiu-Watson, Apple’s senior director of Worldwide Product Marketing for Apps and iCloud.

Overall AAPL ranks 3rd on our list of the AI stocks investors are monitoring. While we acknowledge the potential of AAPL 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 AAPL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

Disclosure: None. This article is originally published at Insider Monkey.