15 AI News Investors Should Not Miss

10. Okta, Inc. (NASDAQ:OKTA)

Number of Hedge Fund Holders: 50

Okta, Inc. (NASDAQ:OKTA) is a workplace cybersecurity company operating as an identity partner in the United States as well as internationally. Okta’s AI-driven features across their Customer Identity Cloud and Workplace Identity Cloud helps clients take control over their digital presence.

At the annual Oktane Identity Conference in Las Vegas that happened from October 15 to October 17, Okta, Inc. (NASDAQ:OKTA) revealed new AI products that aim to better protect customer data. From Secure SaaS Service Accounts that are designed to reduce the risks associated with unmanaged SaaS applications to its new “Governance Analyzer” powered by Okta AI. The final announcement was its Auth for GenAI, which is a product designed to help developers securely integrate generative AI into their applications.

“The biggest problem in technology today, which is if you look at a company that has probably thousands of applications… they don’t all work together in the sense of they don’t all share complete information about the identity threats that are coming toward the applications, that are coming toward the infrastructure, and they’re not good at sharing real-time risk signals and taking actions as those threats emerge…

If the industry worked to integrate more of its applications and interfaces, McKinnon states this can “make the whole industry more secure.”

– CEO Todd McKinnon highlights about the category.