15 AI News That You Should Not Miss

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13. Okta, Inc. (NASDAQ:OKTA)

Number of Hedge Fund Holders: 47 

Okta, Inc. (NASDAQ:OKTA) owns and runs an identity management platform. One of the premier products of the firm is Identity Threat Protection, powered by Okta AI. Per the company, Okta AI is a mixture of machine learning and GenAI algorithms. The company recently posted earnings for the third fiscal quarter, reporting earnings per share of $0.67, beating market estimates by $0.09. The revenue over the period was $665 million, up close to 14% compared to the revenue over the same period last year and beating analyst expectations by more than $15.3 million.

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