Weekend Roundup: Top 10 AI Stocks on Latest News and Ratings

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

Number of Hedge Fund Investors: 235

Meta Platforms, Inc. (NASDAQ:META) is a global technology company. On February 14, Bloomberg reported that the company is making a significant investment in AI-powered humanoid robots. These robots will have the ability to act like humans and assist with physical tasks. According to the report, Meta is forming a new team within its Reality Labs hardware division to proceed with the initiative. The company will start working on its humanoid robot hardware, initially focusing on household chores. Unitree Robotics and Figure AI Inc. are two companies that Meta has started discussing its plans. Meta confirmed the creation of the new team to employees on Friday. It informed its employees that it will be led by Marc Whitten. Whitten resigned as chief executive officer of General Motors Co.’s Cruise self-driving car division earlier this month.

“The core technologies we’ve already invested in and built across Reality Labs and AI are complementary to developing the advancements needed for robotics”.

– Andrew Bosworth, Meta’s chief technology officer.