10 Unsexy AI Stocks According to Goldman Sachs

7. Okta, Inc. (NASDAQ:OKTA)

Number of Hedge Fund Holders: 50

Okta, Inc. (NASDAQ:OKTA) owns and runs an identity management platform. Todd McKinnon, the CEO of the firm, spoke at the Communacopia and Technology Conference earlier this month, underlining that technology was forcing companies to improve their cloud infrastructure. In response to a question about his firm innovating in AI to get to a faster normalized growth rate, he underlined that companies in the cybersecurity domain were tackling questions like the way in which AI workloads were run, in the cloud or on-premises, driving modernization and upgrades. He said this was a positive trend for his company since it had built a brand value on the ability to adapt to change.

McKinnon highlighted some of the AI capabilities of an identity platform marketed by Okta, Inc. (NASDAQ:OKTA), noting that at core of Identity Threat Protection was Okta AI, which was a mixture of machine learning and GenAI algorithms. He detailed that it detected anomalous activity as it was highly integrated, with context form from login info, other layers of the security stack, risk scores from endpoint, and network security risk figures. He added his firm was also working on a governance analyzer with Okta AI that trained the model on the anonymous policy setups and configurations of thousands of Okta customers and generated a suggested setup for a company.