9 AI News and Ratings on Investors’ Radar

7. Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Number of Hedge Fund Holders: 14

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) provides mobile connectivity solutions, including networks, cloud software, enterprise communications, and media services worldwide.

On March 26, Ericsson announced that it signed a Memorandum of Understanding with SoftBank to collaborate on advancing AI, Cloud RAN, XR, and 6G technologies through their NextWave Tech initiative, aiming for long-term innovation by 2030. The partnership focuses on commercial readiness for Cloud RAN, AI integration, network design for XR, and optimizing centimeter Wave technologies for 6G development in Japan.

Both companies plan to explore new applications of radio waves while boosting connectivity and network efficiency. The initiative is expected to drive technological advancements, improve customer experiences, and contribute to digital transformation through AI-powered and cloud-based networks.