10 AI News Updates Making Headlines Right Now

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1. Salesforce, Inc. (NYSE:CRM)

Number of Hedge Fund Holders: 116

Salesforce, Inc. (NYSE:CRM) is a software application company that integrates artificial intelligence into its customer relationship management platform and other enterprise solutions. The company has moved to pursue growth opportunities as AI Agentforce transforms employment and the workplace. On February 3rd, it confirmed a strategic partnership with HCLTech to strengthen the landscape for autonomous and AI-enabled virtual agents.

HCLTech, an Agentforce partner, will use its knowledge of Salesforce, Inc. (NYSE:CRM) digital modernization to assist businesses in a variety of sectors, particularly the financial services sector. Together, they hope to fortify the expanding field of self-governing and artificial intelligence-powered virtual agents, allowing businesses to update their SaaS apps with cutting-edge multi-modal AI technology. Additionally, the two businesses will help organizations adopt AI-driven agents more quickly. Through collaboration, HCLTech can help companies move from the basics.

As we acknowledge the growth potential of Salesforce, Inc. (NYSE:CRM), our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CRM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. This article was originally published at Insider Monkey.

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