15 AI News You Should Not Miss

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1. Amazon.com Inc (NASDAQ:AMZN)

Number of Hedge Fund Holders: 308

Amazon.com Inc (NASDAQ:AMZN) is one of the largest online retailers and technology providers offering e-commerce, cloud computing, and services such as digital streaming and artificial intelligence solutions.

On October 29, Amazon.com Inc (NASDAQ:AMZN) announced the launch of Rufus, a new generative AI-powered conversational shopping assistant, in beta across Europe. After its launch in September in the UK, Rufus is now available in beta in Germany, France, Italy, and Spain and will be progressively rolling out to customers in the coming weeks, Amazon reports. The AI-powered shopping assistant can address customer queries on shopping needs, products, and comparisons, provide recommendations, and assist with product discovery within the familiar Amazon shopping experience that customers frequently use.

“Building on these AI customer innovations, today we are launching Rufus in beta to customers in Germany, France, Italy and Spain. Customers in the U.S., the UK, and India have already asked Rufus tens of millions of questions, and we’re excited to introduce it in these countries too”.

– Amazon.com Inc (NASDAQ:AMZN)

Overall, AMZN ranks first among the 15 AI News Investors Should Not Miss. While we acknowledge the potential of AMZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than AMZN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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