10 AI News Investors Probably Missed

4. Stagwell Inc. (NASDAQ:STGW)

Number of Hedge Fund Holders: 15

Stagwell Inc. (NASDAQ:STGW) provides AI-powered communications, research, and media technology, along with AI-driven solutions for digital platforms, targeting, e-commerce, and consumer engagement. The company also develops software for advanced media and data strategies.

On December 30, Stagwell (NASDAQ:STGW) announced plans to acquire Create. Group, a top digital communications firm in the Middle East, as part of its Code and Theory Network. Create. Group, with 15 years of experience in digital strategies and innovation, serves notable clients like DCT Abu Dhabi, Dubai DET, and NEOM. Recognized for its excellence through multiple awards, the company will strengthen Stagwell’s focus on AI, emerging technologies, and consumer behavior. This acquisition, Stagwell’s eleventh in 2024, supports its global expansion and digital transformation goals, integrating Create. Group into a network of over 2,000 professionals worldwide.