20 Trending AI Stocks on Latest Analyst Ratings and News

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3. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 308    

Amazon.com, Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. Latest reports from The Information indicate that generative artificial intelligence startup Anthropic, which is backed by Amazon, is in talks to raise new funding that would value the startup at up to $40 billion. Similar indications have recently been made about Anthropic rival OpenAI, which is also set to raise new funds in a round that would value the startup at over $100 billion. OpenAI is backed by Microsoft. In addition to Amazon, Anthropic is also backed by tech firms like Google and Salesforce.

Amazon.com, Inc. (NASDAQ:AMZN) has appointed Rohit Prasad, one of the chief minds behind the popular Alexa assistant, to spearhead an effort geared towards making the assistant more competitive in the AI space with the AI assistants of Amazon rivals in the tech world, per The Wall Street Journal. The report also claims that Amazon has placed thousands of people in a new team under Prasad to develop AI products for an Alexa upgrade and other businesses.

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