10 AI Stocks Making Headlines This Week

3. 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 25, Alphabet’s self-driving unit Waymo said that it aims to launch its fully autonomous ride-hailing service in the U.S. capital city next year. The company began moving vehicles to Washington, D.C., in January. It will bring more to the city in the coming weeks so that it can begin paid commercial services as early as next year.

“We will also work closely with policymakers to formalize the legal framework needed to operate without a human behind the wheel, as Washington, D.C. does not currently allow for fully autonomous operations.”

– Waymo.