Is Meta (META) Still One of Billionaire Dan Loeb’s Best Growth Stocks to Buy While It Holds Out on Trump’s AI Review?

Meta Platforms, Inc. (NASDAQ:META) is one of the best growth stocks to buy according to billionaire Dan Loeb. On June 23, the New York Times reported that the Trump administration has been pressing Meta Platforms, Inc. (NASDAQ:META) to voluntarily submit its AI models for government security reviews. This makes Meta the only major US AI company that has yet to agree to the process, the Times noted.

Image by Gerd Altmann from Pixabay

The Times noted that the review framework itself was formalized on June 2, when President Trump signed an executive order establishing a voluntary system under which AI developers submit their most powerful frontier AI models to the federal government for up to 30 days of evaluation before public release. The Center for AI Standards and Innovation (CAISI) runs the reviews, with input from the NSA, CISA, and NIST. The full review process is expected to be operational by the end of July.

According to the Times report, every other major U.S. AI developer, including Anthropic, Google, OpenAI, Microsoft, and xAI, has already signed on. It added that Meta is the only holdout, yet its founder, Mark Zuckerberg, sits on the administration’s AI advisory committee.

Asked for comment, Francis Brennan, a Meta spokesman, told the Times that the company shares “the administration’s goal of advancing U.S. leadership on robust and secure frontier AI.” He added that the company is “working through the details” and that they “hope to sign the agreement soon.”

Meta Platforms, Inc. (NASDAQ:META) is a technology company. It operates social media platforms including Facebook, Instagram, WhatsApp, and Messenger, and develops virtual and augmented reality hardware through its Reality Labs division.

READ NEXT: 10 Best Fast Growth Stocks to Buy According to Hedge Funds and 15 Best AI Stocks Under $10 to Buy Now.

Disclosure: None. Follow Insider Monkey on Google News.