10 AI News and Ratings Making Waves Around Wall Street

2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 202

Alphabet Inc. (NASDAQ:GOOGL) provides AI-powered solutions across multiple platforms, enhancing cloud services, business tools, and consumer products, with a strong focus on advancing AI research.

On January 29, Reuters reported that Alphabet’s (NASDAQ:GOOGL) Waymo plans to expand its AI-powered autonomous vehicle testing to over 10 new cities in 2025 after successful trials in various locations. The expansion includes San Diego and Las Vegas, alongside existing test areas like Truckee, Michigan’s Upper Peninsula, Upstate New York, and Tokyo.

A limited number of vehicles will be deployed in each city, with trained specialists behind the wheel. Initial testing will focus on manually navigating dense urban areas and highways for a few months. The company also recently secured $5.6 billion in funding and continues to grow despite regulatory scrutiny over safety concerns.