10 AI Stocks Dominating the News This Week

4. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 234

Alphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. On March 27, Google Public Sector, a division of Google that aims to assist US public sector institutions, announced its intent to integrate Google’s advanced generative artificial intelligence (genAI) into Lockheed Martin’s AI Factory ecosystem. The collaboration will enable Lockheed Martin to enhance its critical areas such as national security, aerospace, and scientific applications. Google Cloud’s Vertex AI platform will be used to train, deploy, and customize large language models securely at scale.

“Using Google Cloud’s AI technologies allows us to explore a wide range of powerful capabilities to deliver innovative, reliable solutions that stay ahead of the curve. Lockheed Martin and Google Cloud share a vision to bring new innovation to the industry with AI,” highlighting the companies’ shared commitment to driving progress in the field.”

-John Clark, senior vice president, Lockheed Martin Technology & Strategic Innovation.