AI News Investors Probably Missed

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13. Parsons Corporation (NYSE:PSN)

Number of Hedge Fund Holders: 36 

Parsons Corporation (NYSE:PSN) provides integrated solutions and services in the defense, intelligence, and critical infrastructure markets in North America, the Middle East, and internationally. Carey Smith, the CEO of the firm, told analysts during the first quarter earnings call that Parsons was applying artificial intelligence across the entire portfolio, citing a few example areas to consider across the federal tech and critical infrastructure segments that the company works with. Per Smith, the kinds of systems needed to counter unmanned aircraft was one of those applications. Smith described the usage of AI for that as how operators identify, detect and track a drone that was in a location it probably should not be. Cybersecurity and supply chain trustworthiness were the other two areas that Parsons Corporation (NYSE:PSN) was focusing on as it developed AI solutions.

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