15 Buzzing AI Stocks Making Headlines

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11. Elastic N.V. (NYSE:ESTC)

Number of Hedge Fund Holders: 47

On November 25, Elastic N.V. (NYSE:ESTC), known as the search-focused AI company, announced that it is expanding its partnership with Amazon Web Services. The expanded partnership will leverage AWS’s latest generative artificial intelligence (AI) services. Through the collaboration, Elastic N.V. (NYSE:ESTC) will be offering large language model (LLM) observability support for Amazon Bedrock in Elastic Observability. Amazon Bedrock is a fully managed service that builds generative AI applications with security, privacy, and responsible AI. Site Reliability Engineers (SREs) will be able to track insights into their Amazon Bedrock LLMs performance and usage; helping prevent issues and improve performance for their Amazon Bedrock-powered generative AI applications. Moreover, Elastic’s AI Assistant, which is also powered by Amazon Bedrock, will offer insights, visualizations, and recommendations to help SREs solve problems.

“As LLM-based applications are growing, it’s essential for developers and SREs to be able to monitor, optimize, and troubleshoot how they perform. Today’s integration simplifies the collection of metrics and logs from Amazon Bedrock, in turn streamlining the process of gaining valuable and actionable insights.”

– Santosh Krishnan, general manager of Security and Observability Solutions at Elastic N.V. (NYSE:ESTC).

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