We recently compiled a list of the 10 AI News Updates You Should Not Miss. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against the other AI stocks you should not miss.
Latest reports, published by MIT News, suggest that researchers at the Massachusetts Institute of Technology have developed a more efficient algorithm, called Model-Based Transfer Learning (MBTL), to improve AI decision-making in tasks like traffic control, which involves high variability. Reinforcement learning models, commonly used for AI decision-making, often fail when facing minor changes in their training tasks. MBTL strategically selects the most impactful tasks to train on, improving overall performance while reducing training costs.
Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.
For example, controlling traffic in a city involves numerous intersections with varying conditions. Instead of training separate algorithms for each intersection or one generalized algorithm for all, MBTL identifies and trains on a subset of key intersections. It leverages zero-shot transfer learning, allowing trained models to perform well on untrained, similar tasks. Per the report, this technique could revolutionize complex systems, reducing costs and improving AI reliability. The research received funding from NSF, Amazon Robotics, and others.
READ ALSO: 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we selected AI stocks by combing 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).
A team of developers working in unison to create the company’s messaging application.
Number of Hedge Fund Holders: 235
Meta Platforms, Inc. (NASDAQ:META) engages in the development of products that enable people to connect and share with friends and family. On November 29, Indian news publication Pune Pulse reported that a Meta-commissioned study showed the rapidly growing trend of online shopping in tier-2 and tier-3 cities in the Asian country. Per the report, this trend was driven by AI-driven personalization, social media influencers, and the utilization of messaging apps. The report added that while grocery and personal care items were the most frequently purchased, niche categories such as skincare, wellness, and hair care were also becoming more popular.