10 AI Stocks Surging on News and Analyst Calls

3. 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 21, executives from Google and Meta used the opportunity at the Techarena tech conference in Stockholm, Sweden, to discuss how Europe’s artificial intelligence industry is being held back by excessive regulation.

Voicing concerns about the continent’s strict approach to regulating technologies such as AI and machine learning, Dorothy Chou, Google DeepMind’s head of public policy said that a major problem with Europe’s approach to regulating AI technology has been that the AI Act was devised before ChatGPT’s release. While the AI Act was introduced in April 2021, OpenAI launched ChatGPT in November 2022.

“There is a way to use policy to create a better investment environment when it’s done in a way that promotes business…I think what’s difficult is when you are regulating on a time scale that doesn’t match the technology. I think what we need to do is both regulate to ensure that there is responsible application of technology, while also ensuring that the industry is thriving it all the right ways.”

– Dorothy Chou