10 AI Stocks Trending On Wall Street Right Now

2. 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 6, the company made changes to the web page for its Responsible AI and Human Centered Technology (RAI-HCT) team, which is responsible for conducting research into AI safety, fairness, and explainability.

While the previous version of the page used language such as “marginalized communities,” “diverse,” “underrepresented groups,” and “equity” to describe the RAI-HCT team’s work, this language has now been removed from the web page. Instead, updated language now involves terms such as “varied” and “numerous,” implying a change in how the company publicly addresses its inclusivity goals. The changes made by Alphabet’s Google reflect on shifts being made by tech companies that are scaling back their diversity, equity, and inclusion (DEI) initiatives due to evolving political and legal landscapes.