35 Trending AI Stocks on Latest Analyst Ratings and News

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19. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 75     

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. Latest reports indicate that Inflection AI, a prominent artificial intelligence startup, has joined forces with Intel to develop a new hardware solution designed for running large language models (LLMs). This collaboration will bring to market an appliance as part of Inflection for Enterprise, a comprehensive package that also includes cloud-based AI services. Founded in 2022, Inflection AI has garnered significant financial backing, raising $1.3 billion from investors to launch its ChatGPT alternative, Pi. The company’s path took a major turn earlier in 2024 when Microsoft hired Inflection co-founder and CEO Mustafa Suleyman to lead its consumer AI group. Alongside this talent acquisition, Microsoft recruited a large part of Inflection AI’s workforce and licensed its AI models in a deal reportedly worth $650 million.

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