5 Leading Social Media Companies In The Artificial Intelligence Theme

In this piece, we will take a look at the five leading social media companies in the artificial intelligence theme. For more details about how artificial intelligence is shaping up social media, take a look at 10 Leading Social Media Companies In The Artificial Intelligence Theme.

6. Weibo Corporation (NASDAQ:WB)

Latest Market Capitalization: $2.94 billion

Weibo Corporation (NASDAQ:WB) runs one of China’s most widely used social networks, Weibo. While it has been researching AI since 2018, it announced in April 2023 that it will test an AI tool to enable users to create better content.

By the end of this year’s second quarter, 21 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Weibo Corporation (NASDAQ:WB). Out of these, the firm’s largest shareholder is Len Kipp and Xavier Majic’s Maple Rock Capital since it owns 3.1 million shares that are worth $41.2 million.

7. Sprout Social, Inc. (NASDAQ:SPT)

Latest Market Capitalization: $2.86 billion

Sprout Social, Inc. (NASDAQ:SPT) is a business focused social media company that allows users to manage content on platforms such as Facebook and Instagram. It expanded its existing machine learning capabilities with ChatGPT in April to offer users new features such as creating queries.

After digging through 910 hedge funds for their June quarter of 2023 investments, Insider Monkey found 24 Sprout Social, Inc. (NASDAQ:SPT) investors. Mark Coe’s Intrinsic Edge Capital is the biggest hedge fund shareholder courtesy of a $20 million stake.

8. JOYY Inc. (NASDAQ:YY)

Latest Market Capitalization: $2.38 billion

JOYY Inc. (NASDAQ:YY) is a Singaporean social media company. The firm has integrated AI throughout its platform, and it uses the technology to recognize voices, create recommendations for users, and deliver content throughout the service.

Insider Monkey took a look at 910 hedge funds for their Q2 2023 shareholdings and found that 14 had bought the firm’s shares. JOYY Inc. (NASDAQ:YY)’s largest investor among these is Christopher Wang’s Yunqi Capital through a $14.2 million investment.

9. Yalla Group Limited (NYSE:YALA)

Latest Market Capitalization: $799 million

Yalla Group Limited (NYSE:YALA) is a Dubai based company that operates a social network in the region. During its second quarter earnings, executives shared that the firm is partnering with an AI university to promote the technology in Arabic specific contexts.

As of June 2023, five out of the 910 hedge funds part of Insider Monkey’s database had invested in Yalla Group Limited (NYSE:YALA). Jim Simons’ Renaissance Technologies is the biggest shareholder since it owns $2.5 million worth of shares.

10. Hanryu Holdings, Inc. (NASDAQ:HRYU)

Latest Market Capitalization: $284 million

Hanryu Holdings, Inc. (NASDAQ:HRYU) is a South Korean social media company that seeks to connect global fans of the Korean phenomenon K-POP. The firm announced a big AI partnership in August 2023 when it revealed that it has joined up with South Korea’s first publicly traded AI company SALTLUX. Through the deal, Hanryu Holdings, Inc. (NASDAQ:HRYU) will leverage SALTLUX’s technology to bring a conversational AI chatbot on its FANTOO platform and use AI to tailor content recommendations, service guides, and other facilities based on parameter data of the user’s likes and dislikes.

Additionally, Hanryu Holdings, Inc. (NASDAQ:HRYU) also expanded its business operations in September when it teamed up with the Korean firm Ameridge Corp to sell merchandise based on Hanryu Holdings, Inc. (NASDAQ:HRYU)’s FANTOO application across multiple stores in America.

The partnership with the U.S. firm for merchandise sales was followed up by another announcement that saw Hanryu Holdings, Inc. (NASDAQ:HRYU) broaden the FANTOO network’s AI features, by teaming up with AISUL – who has developed the first female Korean cyber singer Lusia Ryusia.

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