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How Square Is Using Artificial Intelligence and Machine Learning to Improve Cash App

By Eric Cuka – Sep 17, 2021 at 10:30AM

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Square acquired this Toronto-based AI technology firm that helps combat deepfake AI cybercrime. Can it also help Square build its next-gen Cash App products?

Today, I continue my top-AI-stocks video series. If you are new to this series, it covers my top 12 artificial intelligence stocks focused on growth and disruptive innovation. I have done my best to find the highest-growth companies in a variety of sectors with disruptive growth trends. Last time, I shared my favorite chatbot stock. In today's video, I am covering an unknown business that Square (SQ 2.42%) acquired in 2020 that focuses on artificial intelligence and machine learning. Specifically, this company is best known for its solutions to combat deepfake AI, which essentially takes an existing audio or video recording and alters it with another person's likeness to create a potentially deceptive new recording. 

In today's video, I provide examples of deepfake AI technology and discuss how Square can leverage the acquisition to improve Cash App. The goal is to leverage the latest AI research to develop next-generation Cash App products. I have been long on Square's stock since 2017, and I am excited about the future of the company. Please watch the below video to find out more about this mystery company, and don't forget to subscribe so you don't miss what's coming next. 

*Stock prices used in the below video were during the trading day of Sept. 16, 2021. The video was published on Sept. 16, 2021.

Eric Cuka owns shares of Square. The Motley Fool owns shares of and recommends Square. The Motley Fool has a disclosure policyEric is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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