10 AI News Stories That Are Dominating Headlines

8. VCI Global Limited (NASDAQ:VCIG)

Number of Hedge Fund Holders: 1

VCI Global Limited (NASDAQ:VCIG) is a leading provider of AI-driven enterprise solutions. On February 12, the company announced that it had secured a US$12 million contract through its subsidiary, VC AI Limited (“VC.AI” or the “Company”), with Malaysian-based marketing and data solutions agency Datanex Sdn Bhd. The partnership will allow VC.AI to support Datanex in enhancing and expanding its services through AI-driven solutions and custom-built programs. Using AI-powered tools, clients will be able to implement their marketing campaigns so that they can target high-potential leads, optimize ad spend, and even refine targeting strategies for enhanced engagement and conversions. VC.AI will also be able to reinforce its position in the AI solutions market through the contract, expand its client base, and drive digital transformation.

“This partnership marked a significant step for VCI Global, reinforcing the expertise of our subsidiary, VC.AI, in AI-powered digital solutions and positioning us as a leader in the industry. We are excited to work with Datanex to drive innovation in digital marketing and continue helping businesses use technology to grow and evolve. Together, we believe we can make a real impact on the future of marketing and deliver valuable solutions to our clients”.

-Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.