10 AI Stocks You Need to Watch: News & Ratings

2. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 339

Amazon.com Inc. (NASDAQ:AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions. On March 18, Bloomberg reported that Amazon’s devices chief Panos Panay is adding a premium tier to the next generation of artificially intelligent Alexa gadgets.

Aiming to rejuvenate the Alexa brand, Panay aims to re-engineer Amazon’s hardware, from the gadgets’ silicon guts to the design and materials. All device tiers, whether entry, core, or signature, will get the same care and attention.

“I want perfection in every single product that we ship — period. There won’t be a corner cut. It won’t matter if we tried it before. It won’t matter what you thought it used to be.”

-Panos Panay

Lying at the center of the ecosystem is going to be Alexa+, the voice assistant’s new AI operating system. The edge-processing” chip upgrades will allow devices to be able to handle more AI themselves, speeding up response time and boosting privacy.

“We’re envisioning what’s the next thing for a customer when it comes to AI devices and we have some incredible ones” in development.