With only a few days in, President Donald Trump’s administration has been making significant strides in advancing artificial intelligence technology. Reuters reported on Tuesday that he has announced a private sector investment of up to $500 billion to fund infrastructure for artificial intelligence, aiming to outperform rival nations in the critical technology.
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In this regard, Trump has also emphasized the importance of keeping the technology within the country.
“What we want to do is we want to keep it in this country. China is a competitor, and others are competitors… It’s technology and artificial intelligence all made in the USA”.
-Trump said in remarks at the White House.
According to Trump, ChatGPT’s creator OpenAI, SoftBank, and Oracle, are planning a joint venture called Stargate. The venture is expected to build data centers and create more than 100,000 jobs in the United States. With other equity backers, these companies have committed $100 billion for immediate deployment. Meanwhile, the remaining investment will occur over the next four years.
Following the news, global shares rose today, January 22nd, driven by a rise in technology stocks. Even though the global market is near record highs, investors are optimistic that they may rise even further.
“We prefer taking risk in stocks and expect corporate earnings to keep driving returns as the fourth-quarter reporting season starts”.
-Jean Boivin, the head of BlackRock Investment Institute.
He also noted that Treasury yields might jump.
“We are in a world of higher interest rates and expect them to stay above pre-pandemic levels. Even with the jump in yields, we still see more room to run, if at a slower pace”.
Speaking of the Stargate initiative, OpenAI’s Sam Altman is also thrilled that they get “to do this in the United States of America”. He thinks this is going to be the most important project of this era. Moreover, according to multiple news sources, the move may signal that the Trump administration will be striving to work with some tech companies.
After all, the President has been proactive in advancing AI technology. One of the first moves that he took returning to office has been to revoke a Biden-era executive order regarding AI guardrails. Overall, spending and focus on artificial intelligence in the US is in full swing. Billionaire businessman Hussain Sajwani also pledged to spend $20 billion or more on AI data centers in the U.S. earlier this month.
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11. Marchex, Inc. (NASDAQ:MCHX)
Number of Hedge Fund Holders: 5
Marchex, Inc. (NASDAQ:MCHX) is a conversation intelligence company. On January 21, the company announced it would showcase its new AI-powered conversational intelligence solutions at the 2025 National Automobile Dealers Association (NADA). NADA is the industry’s annual event which will be held on January 24-26 in New Orleans. Marchex allows auto dealerships to stay ahead in the industry by providing them with actionable data and insights, improving marketing and sales, and optimizing service requests. In particular, the company’s market-leading AI-powered Engage for Auto Dealerships has been upgraded to offer data-driven insights, allowing dealerships to improve their performance across marketing, sales, and service departments. The AI solutions will allow dealerships to leverage high-value sales and service opportunity alerts, deeper customer sentiment insights, and enhanced marketing campaign management. In turn, they will be able to boost lead conversions, increase revenue, and improve customer relationships.
“Marchex is at the forefront of the innovations which are transforming how dealerships approach customer interactions, and we are delighted to showcase our new and enhanced AI-powered solutions at NADA. By transforming customer conversations into actionable data, we enable dealerships to optimize their operations, deliver exceptional customer experiences, and drive measurable growth”.
-Troy Hartless, Chief Revenue Officer of Marchex.
10. SoundHound AI (NASDAQ:SOUN)
Number of Hedge Fund Holders: 11
SoundHound AI (NASDAQ:SOUN) is a voice artificial intelligence company offering voice AI solutions to businesses. On January 21, the company announced an innovative collaboration with Rekor Systems, Inc., a technology company leading in roadway intelligence technology, to revolutionize emergency vehicle technology. The collaboration will integrate SoundHound’s advanced voice and conversational AI with Rekor’s industry-leading vehicle recognition software, Rekor Scout®, to enable hands-free commands for critical vehicle systems. This will allow law enforcement personnel and first responders to stay informed and proactively respond to situations. Rekor Scout’s® advanced vehicle recognition AI software will provide actionable notifications to officers, while SoundHound’s voice AI will be used by officers to manage systems such as automatic license plate recognition (ALPR), emergency light bars, sirens, two-way radios, PA systems, and more – all through voice commands. Initially, the partnership will focus on police vehicles. However, there are also plans to expand the technology to other emergency vehicles, such as fire trucks and ambulances.
“Our industry-leading voice AI technology has redefined how industries interact with technology. Partnering with Rekor allows us to bring this innovation to law enforcement, where we can empower officers with a hands-free solution that can improve safety, reduce distractions, and support responsiveness in the field. Together, we’re creating the future of voice-enabled police vehicle technology.”
– Keyvan Mohajer, CEO of SoundHound
9. PROS Holdings, Inc. (NYSE:PRO)
Number of Hedge Fund Holders: 25
PROS Holdings, Inc. (NYSE:PRO) is a leading provider of AI-powered SaaS pricing and selling solutions. On January 21, the company announced that it has extended its long-term strategic agreement with Malaysia Airlines through the renewal of PROS Revenue Management Advantage (RMA), an advanced PROS tool available for airlines to maximize their revenues. PROS advanced technology and artificial intelligence (AI) play an instrumental role in the airline’s global operations, as exemplified by the agreement extension. The RMA has also been driving two consecutive years of profitability. Malaysia Airlines also uses PROS RMA to forecast demand accurately and implement dynamic pricing strategies. This in turn increases the likelihood to convert passengers with optimized offers. It also enables data-driven decisions that maximize revenue potential regardless of ongoing cost and supply chain challenges. Overall, the agreement extension strengthens the relationship between PROS and Malaysia Airlines.
“This expansion is a testament to our deep relationship with Malaysia Airlines, as well as the power and innovation of our platform. We are proud to continue to support Malaysia Airlines in achieving their revenue management goals, optimizing offers in a highly competitive market and ultimately continuing on their journey toward offer optimization”.
-Surain Adyanthaya, President, Global Industries, PROS.
