15 AI News Shaping Wall Street Today

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12. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 49

MongoDB, Inc. (NASDAQ:MDB) provides a general-purpose database platform worldwide. It securely amalgamates operational, unstructured, and AI-related data to streamline building AI-enriched applications.

On Tuesday, November 19, MongoDB, Inc. (NASDAQ:MDB) announced an expanded partnership with Microsoft at the Microsoft Ignite conference. The partnership includes new integrations that enhance AI application development, real-time data analytics, and deployment flexibility. MongoDB Atlas, the company’s fully managed cloud database service, is now integrated into Microsoft Azure AI Foundry, enabling developers to easily develop AI applications. The second announcement is about MongoDB Atlas now supporting Open Mirroring in Microsoft Fabric for timely analytics and business intelligence. Meanwhile, the final announcement offers users the freedom to “deploy MongoDB their way” with MongoDB Enterprise Advanced on Azure Marketplace; granting deployment flexibility.

“By integrating MongoDB Atlas with Microsoft Azure’s powerful AI and data analytics tools, we empower our customers to build modern AI applications with unparalleled flexibility and efficiency”.

-Sandy Gupta, vice president of Partner Development ISV at Microsoft.

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