10 AI News Updates Investors Should Not Miss

7. Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Number of Hedge Fund Holders: 32

Booz Allen Hamilton Holding Corporation (NYSE:BAH) provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations. On January 24th, it expanded its strategic partnership with Amazon to accelerate the use of advanced technology, such as AI, to improve outcomes and efficiencies for the US government.

The two are joining forces to develop and market solutions that help federal agencies drive innovation and, most importantly, decision-making. The two will also build and bring to market solutions that make accelerating digital transformation in government easier. Because of this, Booz Allen Hamilton Holding Corporation (NYSE:BAH) will be able to provide agencies at scale with pre-made and reusable enterprise-level digital solutions in fields like cloud migration, cybersecurity, and generative artificial intelligence (AI) for the first time.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) and AWS have collaborated for years to provide federal missions with high-impact results. They have already collaborated with the US Army Japan to provide end-to-end encryption of warfighter data globally. The collaboration combines the strength of AWS’s services and scale with Booz Allen’s technical know-how and mission understanding.