11 AI News Updates Investors Should Not Miss

4. Hewlett Packard Enterprise Company (NYSE:HPE)

Number of Hedge Fund Holders: 66

Hewlett Packard Enterprise Company (NYSE:HPE) is a communication company that provides technology solutions and services focused on helping organizations manage and leverage data, from the edge to the cloud, it also uses advanced algorithms and approaches to create AI solutions for unique business needs. On March 12, the company announced that Klein Computer System AG is deploying its HPE Private Cloud AI solution.

It is a major win for Hewlett Packard Enterprise Company (NYSE:HPE), given that HPE Private Cloud AI is designed to enhance customer service sales through the deployment of AI assistants and agents across various customer-facing activities. Developed in partnership with Nvidia, HPE Private Cloud AI was created to facilitate the quick and simple deployment of private AI applications, emphasizing inferencing, retrieval-augmented generation (RAG), and fine-tuning.

“Many companies treat AI as a means to increase productivity – but in reality it’s much more, it’s a transformational force which can bring their business to the next level,” said René Zierler, Managing Director Switzerland, Hewlett Packard Enterprise. “Wolfgang Klein is a true entrepreneur and visionary who recognized that HPE Private Cloud AI is a key to unlocking this potential quicker than others to achieve competitive edge. We are very happy to support Klein Computer System AG on this journey.”