We recently explored a list of 10 AI Stocks Making Waves on Wall Street. Today, let’s dive into how International Business Machines Corporation (NYSE:IBM) compares to these exciting AI stocks.
Ivan Tsarynny, the CEO of Feroot Security, shared some crucial insights on CNBC’s ‘The Exchange’ regarding TikTok and its data collection practices. He warned that China uses apps like TikTok to gather information on American users to strengthen their AI technology. Even individuals who don’t use TikTok might have their data collected through tracking software embedded in various websites. Tsarynny emphasized that Chinese laws require companies to hand over data when requested, often without users’ knowledge.
This situation has prompted discussions about possibly forcing TikTok to divest due to concerns over data privacy. Tsarynny pointed out that while TikTok is not the only app involved, it is one of the largest. The data collected could include everything users do on the app, as well as other information accessible on their smartphones.
To help users protect their privacy, tools like browser extensions can block tracking pixels that gather data without consent.
TikTok was briefly banned due to these data security issues but began restoring services after a statement from President Trump, expressing support for its operations in the U.S. At that time, TikTok thanked him for clarifying the situation for its service providers.
In light of these events, Perplexity AI, a U.S. search engine startup, has approached TikTok’s parent company, ByteDance, with a merger proposal. They believe merging with TikTok U.S. could be beneficial for both parties, presenting themselves as a solid partner for growth.
Now, let’s look at IBM. The company recently joined forces with L’Oréal, a leading global beauty brand. Their collaboration aims to enhance cosmetic formulas while promoting sustainability. By utilizing IBM’s generative AI technology, L’Oréal hopes to innovate their product formulations, focusing on environmentally friendly practices.
IBM is ranked 6th among AI stocks on Wall Street. While it has strong potential, there might be other stocks worth considering that could offer even better returns. If you’re interested in discovering a potentially undervalued AI stock that trades at lower earnings, consider checking out additional resources.
This partnership between IBM and L’Oréal shows how AI can bring positive changes in a variety of sectors, emphasizing innovation and sustainability.
Overall, investors should keep an eye on the evolving landscape of AI and technology, as many openings and developments are on the horizon.
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Source linkTikTok, Ivan Tsarynny, Perplexity AI, International Business, AI stock, China
