Top 10 Must-See AI News Updates for Investors

3. Pinterest, Inc. (NYSE:PINS)

Number of Hedge Fund Holders: 61

Pinterest, Inc. (NYSE:PINS) is an Internet Content & Information company that operates a visual search and discovery platform. Its platform allows people to find ideas, such as recipes, home and style inspiration, and search. On February 7th, the company confirmed that its AI-powered system that maps the relationship between user behaviors, content, and products, “Taste Graph,” has expanded connections by 75% over the past two years.

The AI-powered system gaining traction with people and brands was one of the catalysts behind Pinterest delivering an 18% year-over-year increase in revenues as monthly active users increased by 11%. Likewise, the system’s ability to convert user engagement into sales was the catalyst behind a 90% year-over-year increase in clicks to advertisers, consequently bolstering Pinterest, Inc. (NYSE:PINS) advertising streams.

“Our Taste Graph contains many billions of connections,” CEO Bill Ready said during the earnings call. The AI-powered system relies on user curation and shopping intent signals to offer recommendations.