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Trump Media’s shares finished up 5.5% connected Wednesday, outperforming the Nasdaq, connected which the institution is listed.
Trump Media and Technology Group (TMTG), majority-owned by US President Donald Trump’s family, has filed for 2 artificial quality (AI) trademarks tied to a planned diagnostic connected the Truth Social platform.
“Truth Social AI” and “Truth Social AI Search,” the names nether which the trademark applications were submitted, volition let Truth Social to go a root of “reliable information, non-woke news, and entertainment,” according Trump Media Chairman and CEO Devin Nunes.
TMTG's shares closed the time 5.5% higher connected Wednesday, a rally that outstripped the Nasdaq, scale connected which the institution is listed. Trump Media posted a nett nonaccomplishment of $31.7 cardinal for Q1 2025, with gross of $8.8 million.
Other societal media platforms person utilized AI for real-time translation, assistance halfway chatbots and personalized content. Cointelegraph reached retired to TMTG for remark connected the trademarks but had not received a effect astatine clip of publication.
TMTG’s shares connected Wednesday. Source: Google Finance TMTG has filed trademarks earlier for emerging exertion usage cases, including for a cryptocurrency trading and outgo service and ETFs tied to the platform. In February, DTTM Operations, different Trump-owned company, filed trademarks for a Trump-branded metaverse.
Related: Trump Media considers crypto token and wallet for streaming arm
“Shenanigans” with emerging tech, societal media
Trump Social has a reported 6.3 cardinal users arsenic of January, though this fig has varied importantly successful the past 12 months. Still, the idiosyncratic basal is comparatively tiny compared to different societal media platforms similar Facebook, with reportedly 3.1 cardinal monthly active users successful 2023.
On galore platforms, determination person been reports of “shenanigans” involving emerging exertion and algorithms. On X, Elon Musk promised to retool Grok aft users complained it was becoming excessively “woke” — a word to suggest that a idiosyncratic oregon enactment is overly focused connected progressive societal issues. The effect was an AI programme that pronounced itself “MechaHitler.”
Some people, including politicians, person accused Facebook of suppressing blimpish viewpoints.
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