20 Trending AI Stocks on Latest News and Analyst Ratings

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5. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 165

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. Latest reports reveal that the company will be reworking plans to build a data center in Chile after authorities in the Chilean government raised concerns about the environmental impact of the project. The $200 million data center was approved in 2020 but has since faced stiff resistance from environmental activists who allege it would have an impact on the parched aquifer in the capital of the country. The US tech giant has informed environmental regulators that it will use air-cooled technology at the original location of the project in a bid to ease concerns about environmental impacts of the data center.

Alphabet Inc. (NASDAQ:GOOG) Cloud CEO Thomas Kurian recently said that 60% to 70% of AI startups were using AI hardware clusters made by his company to train their AI models. Kurian made the comments during a Goldman Sachs technology conference. Kurian said his company had monetized compute instances on a consumption basis and had established a price platform on a token basis for the purpose.

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