Trump Media begins public Beta testing of Truth Search AI on Truth Social, enhancing user access to information.
Quiver AI Summary
Trump Media and Technology Group announced the public Beta testing of its new AI search feature, Truth Search AI, on its platform Truth Social. This feature, developed in partnership with the AI company Perplexity, aims to provide users with direct and contextually accurate answers along with transparent citations to enhance information access. CEO Devin Nunes expressed the company's commitment to refining the search function based on user feedback and expanding its capabilities. Currently available on the web version, Truth Search AI is expected to launch on iOS and Android apps soon. The press release also includes cautionary statements regarding forward-looking plans and potential uncertainties in achieving company goals.
Potential Positives
- Trump Media has begun public Beta testing for its new AI search feature, Truth Search AI, potentially enhancing user experience on the Truth Social platform.
- The partnership with Perplexity is aimed at providing contextually accurate answers, which could increase user engagement and trust in the platform.
- The rollout of Truth Search AI on multiple platforms (Web, iOS, and Android) demonstrates Trump Media's commitment to accessibility and innovation in its services.
- This move aligns with Trump Media's mission to provide a platform for free expression, potentially attracting more users who value transparency in information sourcing.
Potential Negatives
- The press release contains a cautionary note about forward-looking statements, indicating uncertainty in the company's plans and projections, which may signal a lack of confidence in achieving business goals.
- The reliance on a public Beta testing phase for the new AI search feature suggests that the product may still be in a developmental stage, raising concerns about its readiness and effectiveness in the competitive market.
- The company's emphasis on its mission to combat "Big Tech's assault on free speech" may alienate potential users or advertisers who prefer a more neutral or inclusive platform, impacting overall growth opportunities.
FAQ
What is Truth Search AI on Truth Social?
Truth Search AI is an AI-powered search feature developed by Perplexity, enhancing information access on the Truth Social platform.
When will Truth Search AI be available on mobile apps?
The public Beta testing of Truth Search AI for iOS and Android apps will begin in the near future.
Who developed Truth Search AI for Truth Social?
Truth Search AI was developed in partnership with Perplexity, a software and AI company specializing in contextually accurate answers.
What is the mission of Trump Media?
Trump Media aims to protect free speech online and provide a safe platform for expression, countering Big Tech censorship.
How does Perplexity enhance user experience on Truth Social?
Perplexity enhances user experience by providing direct, reliable answers with transparent citations to empower curiosity and deeper research.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DJT Insider Trading Activity
$DJT insiders have traded $DJT stock on the open market 19 times in the past 6 months. Of those trades, 0 have been purchases and 19 have been sales.
Here’s a breakdown of recent trading of $DJT stock by insiders over the last 6 months:
- PHILLIP JUHAN (CFO and Treasurer) has made 0 purchases and 7 sales selling 66,064 shares for an estimated $1,653,632.
- DEVIN G. NUNES (CEO, President, Chairman) has made 0 purchases and 2 sales selling 59,483 shares for an estimated $1,573,792.
- SCOTT GLABE (General Counsel and Secretary) has made 0 purchases and 4 sales selling 57,995 shares for an estimated $1,533,634.
- ERIC SWIDER has made 0 purchases and 4 sales selling 26,500 shares for an estimated $558,399.
- VLADIMIR NOVACHKI (Chief Technology Officer) has made 0 purchases and 2 sales selling 17,823 shares for an estimated $471,601.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DJT Hedge Fund Activity
We have seen 138 institutional investors add shares of $DJT stock to their portfolio, and 120 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITADEL ADVISORS LLC removed 688,845 shares (-71.5%) from their portfolio in Q1 2025, for an estimated $13,460,031
- CAPITAL FUND MANAGEMENT S.A. added 659,317 shares (+inf%) to their portfolio in Q1 2025, for an estimated $12,883,054
- GOLDMAN SACHS GROUP INC added 608,945 shares (+1151.9%) to their portfolio in Q1 2025, for an estimated $11,898,785
- MELQART ASSET MANAGEMENT (UK) LTD removed 549,106 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $10,729,531
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 537,157 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $10,496,047
- INVESCO LTD. removed 447,957 shares (-87.4%) from their portfolio in Q1 2025, for an estimated $8,753,079
- UBS GROUP AG removed 350,309 shares (-35.1%) from their portfolio in Q1 2025, for an estimated $6,845,037
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Perplexity Partners on Truth Social Search Function
SARASOTA, Fla., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) ("Trump Media" or the "Company"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand Truth.Fi, announced today that the company has begun public Beta testing its new AI search feature, Truth Search AI, on the Truth Social platform.
Powered by Perplexity, a software and AI company dedicated to providing direct, contextually accurate answers with transparent citations, Truth Search AI is intended to enhance the Truth Social platform and exponentially increase the amount of information available to its users.
Trump Media's CEO and Chairman Devin Nunes said, "We’re proud to partner with Perplexity to launch our public Beta testing of Truth Social AI, which will make Truth Social an even more vital element in the Patriot Economy. We plan to robustly refine and expand our search function based on user feedback as we implement a wide range of additional enhancements to the platform.”
Dmitry Shevelenko, Chief Business Officer at Perplexity, said, “We’re excited to partner with Truth Social to bring powerful AI to an audience with important questions. Curiosity is the engine of change, and Perplexity’s AI is developed to empower curiosity by delivering direct, reliable answers with transparent citations that allow anyone to dig deeper.”
Currently appearing on the Web version of Truth Social, Truth Search AI is planned to begin public Beta testing on the Truth Social apps for iOS and Android in the near future.
Cautionary Statement About Forward-Looking Statements
This press release includes forward-looking statements regarding, among other things, the plans, strategies, and prospects, both business and financial, of Trump Media. We have based these forward-looking statements on our current expectations and projections about future events, including expected potential merger & acquisition activity, the rollout of products and features, our Bitcoin treasury strategy, the future plans, timing and potential success of the streaming services and the launch and success of our financial services and FinTech platform. Although we believe that our plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "soon," "goal," "intends," or similar expressions. Forward-looking statements are not guarantees of future performance, and involve risks, uncertainties and assumptions that may cause our actual results to differ materially from the expectations that we describe in our forward-looking statements. There may be events in the future that we are not accurately able to predict, or over which we have no control.
About Trump Media
The mission of Trump Media is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back. Trump Media operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations, as well as Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content. Trump Media is also launching Truth.Fi, a financial services and FinTech brand incorporating America First investment vehicles.
About Perplexity
Perplexity is an AI-powered answer engine that draws from credible sources in real time to accurately answer questions with in-line citations, perform deep research, and more. Founded in 2022, the company's mission is to serve the world's curiosity by bridging the gap between traditional search engines and AI-driven interfaces. Each week, Perplexity answers more than 150 million questions globally. Perplexity is available in the app store and online at https://www.perplexity.com
Investor Relations Contact
Shannon Devine (MZ Group | Managing Director - MZ North America)
Email:
[email protected]
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