10 AI News Investors Should Not Miss

7. Fortinet, Inc. (NASDAQ:FTNT)

Number of Hedge Fund Holders: 47

Fortinet, Inc. (NASDAQ:FTNT), a cybersecurity company, provides enterprise-level next-generation firewalls and network security solutions, leveraging artificial intelligence across its cybersecurity products. On December 3, Fortinet announced the launch of FortiAppSec Cloud, a new cloud-delivered platform that integrates key web application security and performance management tools into a single offering. The platform simplifies web and API security, advanced bot defense, and global server load balancing, among other capabilities. This helps customers secure and effectively manage their hybrid and multi-cloud environments.

“Web applications are foundational to the success of modern enterprises, but they are extremely challenging to secure, leaving businesses with a substantial attack surface. With FortiAppSec Cloud, we’ve converged AI-powered security and key performance tools to empower organizations with a unified platform that simplifies web application security management, decreases risk, and reduces costs for our customers. By evolving from conventional, siloed web application security solutions, businesses can stay ahead of sophisticated threats and provide a superior user experience across their entire network”.

-Vincent Hwang, VP, Cloud Security, Fortinet.