15 AI News Investors Should Not Miss

9. CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Number of Hedge Fund Holders: 69

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is a global cybersecurity company offering cloud-delivered protection of endpoints, cloud workloads, identity, and data. It employs world-class AI and ML to detect and prevent modern threats with the speed and scale of the cloud. Its generative AI security platform Charlotte AI has also gained significant traction.

On October 25, CNBC reported that Delta Airlines has sued CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in a Georgia state court following a global outage in July, leading to widespread flight cancellations and disruptions of travel plans that cost the airline over $500 million.

A CrowdStrike spokesperson told CNBC:

“While we aimed to reach a business resolution that puts customers first, Delta has chosen a different path. Delta’s claims are based on disproven misinformation, demonstrate a lack of understanding of how modern cybersecurity works, and reflect a desperate attempt to shift blame for its slow recovery away from its failure to modernize its antiquated IT infrastructure.”