'TikTok Applies For "Genie" Trademark In U.S. For AI Chatbot' - Semafor
Portfolio Pulse from Benzinga Newsdesk
TikTok has applied for the 'Genie' trademark in the U.S. for an AI chatbot, indicating its move into the AI space. This development could impact competitors like Meta, Google, and Snap, who are also investing in AI technologies.
June 28, 2024 | 3:28 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Google may face increased competition in the AI chatbot market as TikTok applies for the 'Genie' trademark in the U.S.
Google's AI initiatives could be challenged by TikTok's entry into the AI chatbot market, potentially affecting its dominance and innovation pace.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
TikTok's move to apply for the 'Genie' trademark for an AI chatbot could increase competition for Meta, which is also investing heavily in AI technologies.
Meta is a direct competitor to TikTok in the social media space, and increased competition in AI could impact Meta's market share and user engagement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Snap might experience increased competition in the AI space as TikTok applies for the 'Genie' trademark for an AI chatbot.
Snap, which has been integrating AI features into its platform, may find TikTok's new AI chatbot a competitive threat, potentially impacting user engagement and growth.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60