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

Number of Hedge Fund Holders: 14

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) is a communication equipment company that provides mobile connectivity solutions for telecom operators and enterprise customers in various sectors. On March 4, the company confirmed that Vonage, its unit focused on helping businesses accelerate digital transformation, had expanded its collaboration with SAP SE to enhance the delivery of agentic AI-driven experiences for enterprises globally.

The partnership combines Vonage’s communications and network APIs with the SAP Business Technology platform. The combined solution should enable a differentiated offering in the competitive enterprise software market. By integrating communications features into SAP’s processes, Ericsson sets itself up to earn recurring API fees from business clients looking to improve operations with AI-powered communications.

Philipp Herzig, CTO and Chief AI Officer at SAP SE said, “This collaboration with Vonage is a great example of how powerful AI agents will be able to handle multi-step processes, interacting with humans when there is the need and otherwise solving issues autonomously.”