10 AI Stocks Dominating Wall Street

2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 202

Alphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. On February 5, Bloomberg reported that Alphabet Inc.’s Google has removed a passage from its artificial intelligence principles that pledged to avoid using AI in potentially harmful applications, such as weapons. Previously, the company’s AI principles included a passage titled “AI applications we will not pursue,” such as “technologies that cause or are likely to cause overall harm,” including weapons, reported Bloomberg. However, the writing is no longer visible on the page.

A Google spokesperson shared a blog post published Tuesday:

“We believe democracies should lead in AI development, guided by core values like freedom, equality and respect for human rights. And we believe that companies, governments and organizations sharing these values should work together to create AI that protects people, promotes global growth and supports national security.”

– James Manyika, a senior vice president at Google, and Demis Hassabis, who leads the AI lab Google DeepMind.

According to Margaret Mitchell, who co-led Google’s ethical AI team and is now chief ethics scientist for AI startup Hugging Face, removing the clause may have implications for the nature of work Google pursues.