What's Going On With Meta Platforms Stock Tuesday?
Portfolio Pulse from Anusuya Lahiri
Meta Platforms Inc is planning to launch AI-powered chatbots in September to increase engagement on its social media platforms. The chatbots will provide a new search function, offer recommendations, and collect user interest data for better targeted content and advertisements. Meta's move is seen as a strategy to compete with TikTok and capitalize on the growing interest in AI. The company is also investing in generative AI technology and plans to develop a variety of AI agents with different roles and capabilities. Meta's shares are trading lower by 0.13% at $318.18 premarket on the last check Tuesday.
August 01, 2023 | 11:45 am
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NEUTRAL IMPACT
Meta Platforms is launching AI-powered chatbots to increase user engagement and compete with rivals. The company's shares are trading lower by 0.13% at $318.18 premarket on the last check Tuesday.
The launch of AI-powered chatbots by Meta Platforms is a significant move to increase user engagement and compete with rivals. However, the impact on the company's stock price is neutral in the short term as the market is yet to react to this development.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Microsoft Corp is indirectly mentioned in the context of its backing of OpenAI's ChatGPT, which Meta Platforms is looking to compete with through its AI chatbots.
Microsoft is indirectly mentioned in the context of its backing of OpenAI's ChatGPT. While this highlights the competitive landscape of AI chatbots, it does not directly impact Microsoft's stock in the short term.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Snap Inc is mentioned in the context of its 'My AI' feature, which includes a chatbot. This is similar to the AI chatbots that Meta Platforms is planning to launch.
Snap is mentioned in the context of its 'My AI' feature, which includes a chatbot. While this highlights the competitive landscape of AI chatbots, it does not directly impact Snap's stock in the short term.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50