10 Unsexy AI Stocks According to Goldman Sachs

4. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 67    

Verizon Communications Inc. (NYSE:VZ) is an integrated telecommunications services firm. Hans Vestberg, the CEO of the firm, spoke at the Communacopia and Technology Conference earlier this month, remarking that his team was very advanced in AI as it had been working on the tech for more than a decade. He noted that his firm was using AI to focus on three key areas, improving efficiency for customers, personalizing plans for consumers, and for revenue generation. The CEO highlighted how his firm had been one of the first established businesses to realize the potential of edge computing, and was working with large firms like Google, Amazon, and Microsoft in this domain.

The Verizon Communications Inc. (NYSE:VZ) CEO stressed that with many generative AI companies, turning models into products and applications that companies and customers could use was the main conversation. He also noted that his firm was well-positioned to capitalize on mobile edge compute as it had the processing, compute storage, and power capabilities to help large firms with their edge needs.