We recently compiled a list of the 9 Latest AI News Updates Investors Should Not Miss. In this article, we are going to take a look at where Consensus Cloud Solutions Inc. (NASDAQ:CCSI) stands against the other AI stocks.
AI is rapidly making its way into our lives, from the recent introduction of DeepSeek courses in Chinese universities to intelligent robots patrolling public places in the US for enhanced safety.
While there are countless benefits of using AI across global industries around productivity, efficiency, and adaptability, concerns about the misuse of the evolving technology continue to grow in tandem. The dual-use potential of AI has led to increased scrutiny of the technology, especially in Europe, which experts believe is imposing stringent regulations even if it means slow development across the region.
Former Google CEO Eric Schmidt warned that AI misuse poses an “extreme risk” and could do catastrophic harm because the technology could be weaponized by “rogue states” to negatively impact innocent people.
“The real fears that I have are not the ones that most people talk about AI. I talk about extreme risk…Think about North Korea, or Iran, or even Russia, who have some evil goal… they could misuse it and do real harm,” Schmidt cautioned. “My experience with the tech leaders is that they do have an understanding of the impact they’re having, but they might make a different values judgement than the government would make.”
Weaponization could range from deepfakes to autonomous weapons, which Schmidt believes can be prevented with a balanced approach that fosters innovation through appropriate regulations.
We selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s database of 900 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A businesswoman signing an online document using a cloud-faxing solution.
Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)
Number of Hedge Fund Followers: 16
Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) offers leading digital cloud fax technology and interoperability services using AI and secure data exchange to automate workflows, improve operation efficiencies, and transform digital information for regulated industries like healthcare, financial services, insurance, real estate, and manufacturing.
On February 20th, Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) announced it will showcase its leading eFax Corporate platform, AI-powered Clarity data extraction tool, and the interoperability platform Unite at the HIMSS25 in Las Vegas between March 3rd and 6th. The company will demonstrate how its comprehensive product suite eliminates communication gaps, speeds up referrals, streamlines administrative workflows, and lowers overheads while supporting improved patient outcomes in an interoperable healthcare ecosystem.
“A recent survey of healthcare leaders revealed that breakdowns in communication and care coordination continue to impact providers. As the industry continues its digital transformation journey, closing communication gaps is more critical than ever. Applying advanced interoperability solutions to digital cloud fax offers a practical, low-risk, and cost-effective path to improving data exchange and seeing a tangible return on investment without the complexities of a complete system overhaul. We’re looking forward to presenting these innovations at HIMSS.”
-said Scott Turicchi, CEO of Consensus Cloud Solutions Inc.
Overall CCSI ranks 4th on our list of the AI stocks investors should not miss. While we acknowledge the potential of CCSI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CCSI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.
Disclosure: None. This article is originally published at Insider Monkey.
