Artificial intelligence businesses have taken Wall Street by storm in the past few months. One of the most notable success stories has been OpenAI, the AI startup that has become the most valuable private firm in the world with a valuation of over $157 billion. However, the company is facing multiple lawsuits regarding the use of data from news publications without attribution. After US-based The New York Times and the Chicago Tribune took the company to court, Indian news publication ANI has also alleged that the ChatGPT creator is using published content without permission to help train the AI chatbot to provide information to users.
Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.
Even as it faces these lawsuits, the company is blazing forward with plans to expand the use of the AI chatbot. Kevin Weil, the chief product officer of the company, recently announced on social media platform X that the firm is expanding the Advanced Voice Mode feature of ChatGPT to the web. This will let users talk to the AI chatbot right from their browser. However, the latest feature will only be available to Plus, Enterprise, Teams, or Edu subscribers, the paid members of ChatGPT. This feature is already available on the standalone applications of the product on popular mobile software platforms like Android and iOS.
Read more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
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A data center filled with the latest servers and networking equipment representing the company’s cutting edge security infrastructure.
14. Super Micro Computer, Inc. (NASDAQ:SMCI)
Number of Hedge Fund Holders: 33
Super Micro Computer, Inc. (NASDAQ:SMCI) develops and manufactures high performance server and storage solutions based on modular and open architecture. On November 19, investment advisory Northland released an investor note on the firm, referencing the appointment of BDO USA as an independent auditor, and noting the news was a decent first step to restoring investor confidence. The full report from the board’s Special Committee is still forthcoming, however, and actions taken from that report will be the biggest key to fully restoring investor confidence, argues the advisory, whose rating and estimates remain suspended until clarity on corporate governance remediation.
