More than 50% of the world’s population will vote in elections this year in more than 80 countries. The rise of generative AI has raised concerns about this technology disrupting elections around the world. In order to tackle this issue, social media giant Meta Platforms (NASDAQ:META) will form a team to address disinformation and misuse of generative AI ahead of the European Parliament elections in June.
Meta aims to counter election interference and misleading AI content with this initiative. The company plans to activate an Elections Operations Center and collaborate with experts from various fields to combat misinformation and tackle influence operations. They will expand partnerships with fact-checking organizations and collaborate with other tech companies, including Microsoft (NASDAQ:MSFT) and OpenAI, to prevent deceptive AI content from affecting global elections.
Is Meta a Buy, Sell, or Hold?
Analysts remain bullish about META stock with a Strong Buy consensus rating based on 39 Buys, two Holds, and one Sell. Over the past year, META has skyrocketed by more than 185%, and the average META price target of $529.02 implies an upside potential of 9.3% at current levels.
