Trump Media and Technology Group has filed trademarks for ‘Truth Social AI’ and ‘Truth Social AI Search’, signaling a strategic move into artificial intelligence services on its Truth Social platform.
The announcement drove a 5.5% rise in TMTG’s share price, despite the company reporting a net loss of $31.7 million against $8.8 million in revenue for the first quarter. Truth Social, which focuses on ‘non-woke news’, has a relatively small user base of 6.3 million, lagging behind larger competitors like Facebook.
In parallel, TMTG is exploring cryptocurrency initiatives, including digital tokens, wallets, and the development of a Trump-branded metaverse to diversify its digital ecosystem.
These efforts reflect an ambitious growth strategy, yet the company faces competitive pressures in the technology sector, alongside potential regulatory hurdles in cryptocurrency markets.