15 AI News Updates Investors Should Not Miss

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13. Rockwell Automation, Inc. (NYSE:ROK)

Number of Hedge Fund Holders: 38 

Rockwell Automation, Inc. (NYSE:ROK) provides industrial automation and digital transformation solutions. The company focuses on AI-driven analytics and machine learning to optimize processes, improve decision-making, and boost productivity across various sectors. Blake Moret, the CEO of the firm, recently spoke at the Automation Fair 2024, noting that based on conversations with customers, he believed the best opportunities for adding real value with AI was by making it part of existing workflows rather than requiring manufacturers to rip out existing processes to implement AI. Doing that was just too risky, he said, adding that risk was the enemy of investment in new technology.

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