10 AI News Investors Should Not Miss

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 179

Leading the way in AI computing, NVIDIA Corporation (NASDAQ:NVDA) is a darling AI stock. It is not only the leader in the AI chip market but has also built a robust AI ecosystem spanning graphics, computing, and networking solutions. Its GPUs are the backbone of AI innovation globally, powering everything from advanced data centers to autonomous systems.

On October 28, NVIDIA Corporation (NASDAQ:NVDA) revealed on its blog that they have developed a new NVIDIA workflow optimized for credit card transaction fraud. The new NVIDIA AI workflow for fraud detection that runs on Amazon Web Services (AWS) uses accelerated data processing and advanced algorithms to improve AI’s ability to detect and prevent credit card transaction fraud. The workflow was launched at the Money20/20 fintech conference this week, enabling financial institutions to recognize subtle patterns and anomalies in transaction data based on user behavior. The workflow will help them improve accuracy and reduce false positives compared with traditional methods, keeping customers’ money, identities, and digital accounts safe.