Trump Media and Technology Group (TMTG), majority-owned by US President Donald Trump's family, has filed for two trademarks related to artificial intelligence for its platform, Truth Social.
Trademarks for AI on Truth Social
The trademarks 'Truth Social AI' and 'Truth Social AI Search' aim to turn Truth Social into a source of 'reliable information, non-woke news, and entertainment,' according to Trump Media Chairman and CEO Devin Nunes.
Market and Financial Performance of TMTG
TMTG's shares closed 5.5% higher on Wednesday, outpacing the Nasdaq index. The company reported a net loss of $31.7 million for Q1 2025, with revenue of $8.8 million.
Challenges and Plans in Social Media
Truth Social reported 6.3 million users as of January, which is significantly less compared to other platforms like Facebook, which has 3.1 billion monthly active users. Reports of 'shenanigans' involving emerging technology and algorithms have emerged across various platforms.
The trademark filings for AI technology signify new steps for Truth Social as it seeks to compete in the rapidly evolving landscape of social media and technology.
