Fiverr International Ltd. (FVRR) Unveils Fiverr Go: AI-Powered Platform to Empower Freelancers

We recently compiled a list of the 10 AI News and Ratings Making Waves on Wall Street. In this article, we are going to take a look at where Fiverr International Ltd. (NYSE:FVRR) stands against the other AI stocks.

As AI is transforming industries by automating tasks, optimizing processes, and creating new opportunities for innovation, it is also giving rise to discussions around its safety, ethical implications, and societal impact. Balancing the potential benefits of AI with concerns about transparency, accountability, and equitable outcomes seems to be an important challenge for governments, businesses, and communities worldwide.

Exploring AI Risks and Opportunities in Today’s World

On Bloomberg Technology, Hugging Face’s Chief Ethics Scientist, Dr. Margaret Mitchell discussed the evolving focus of lawmakers and companies regarding AI safety and noted a shift toward emphasizing opportunity over accountability and safety, as seen in recent actions by companies like Meta and Google. She believes that the government should prioritize protecting people over businesses, ensuring a fair marketplace with rules that encourage responsible practices. Mitchell expressed uncertainty about the Trump administration’s plans, emphasizing the need to address both immediate and future AI risks.

She also talked about Elon Musk’s influence and raised concerns about his lack of focus on preventing AI discrimination and noted a recent reduction in attention to existential risks in favor of more current issues. She highlighted the importance of transparency in AI development, mentioning Hugging Face’s open approach, and also appreciated EU efforts on legislation that balances risks and benefits.

Furthermore, Mitchell warned about growing wealth disparities due to AI, where large companies gain wealth from data while many lose jobs. She pointed out that disempowered groups face increased surveillance and potential harm due to misuse of their data, and stressed the need for protective measures and discussions on universal basic income.

For this article, we selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s database of 900 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).

18 In Demand Skills for Freelancers in 2023

A freelancer typing at a laptop, coffee in hand, at an outdoor cafe with a view of the city skyline.

Fiverr International Ltd. (NYSE:FVRR)

Number of Hedge Fund Holders: 15

Fiverr International Ltd. (NYSE:FVRR) operates a global online marketplace connecting businesses with freelancers across multiple service categories and offering value-added solutions.

On February 18, Fiverr International Ltd. (NYSE:FVRR) launched Fiverr Go, an AI platform focused on protecting and improving creator rights while helping freelancers scale their businesses. It allows creators to train AI models on their own work, retain ownership, and set prices. The platform also includes a Personal AI Assistant to handle routine tasks and provide business insights. Fiverr plans to roll out a Freelancer Equity Program to offer top freelancers company shares. Initially available to select creative categories, Fiverr Go will also be open to developers for building AI applications on Fiverr International Ltd. (NYSE:FVRR)’s extensive data platform.

Overall FVRR ranks 8th on our list of the AI stocks that are making waves on Wall Street. While we acknowledge the potential of FVRR as an investment, our conviction lies in the belief that 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 FVRR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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