We recently published a list of Top 8 AI News Updates Driving Markets Today. In this article, we are going to take a look at where FTI Consulting Inc. (NYSE:FCN) stands against other top AI news updates driving markets today.
The AI race switched gears after Chinese AI startup DeepSeek announced on March 25th that it released a major upgrade to its V3 LLM, intensifying competition with US rivals like OpenAI and Anthropic.
The new model, DeepSeek-V3-0324, is available through the AI development platform Hugging Face as part of the company’s latest efforts to position itself as a leader in the global AI market. DeepSeek claims that the upgrade brings major improvements in reasoning and coding capabilities.
The development comes a day after OpenAI released updates for the Advanced Voice Mode AI feature, which allows for real-time conversation in ChatGPT.
“An OpenAI spokesperson said its new AI voice assistant for paying users is “more direct, engaging, concise, specific, and creative in its answers.”
Elsewhere, fintech Ant Group, backed by Jack Ma, claimed that it was able to develop methods using Chinese chips that trim AI training costs by 20%. This update could hint that Chinese AI developers might be able to gradually reduce reliance on top AI chips manufactured in the US.
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 Q4 2024 database of over 1000 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
An international conference room with a team of corporate finance and restructuring consultants.
FTI Consulting, Inc. (NYSE:FCN)
Number of Hedge Fund Holders: 25
FTI Consulting, Inc. (NYSE:FCN) is a global firm specializing in business advisory, helping companies navigate markets and transformations with services like corporate finance, economic consulting, strategic communications, risk and compliance, as well as investigations and cybersecurity.
On March 25th, FTI Consulting, Inc. (NYSE:FCN) announced that its tech unit introduced new capabilities within the IQ.AI by FTI Technology suite of AI solutions that help clients tackle issues related to investigations, antitrust, data breach, and legal matters. The new capabilities include IQ.AI for Review for cost savings and expedited timelines across the document review lifecycle. It is designed to streamline first-level review workflows and optimize privilege classification regardless of challenging document formats and data types. Furthermore, the company announced additional updates to the suite, including the IQ.AI for emerging data sources, enrichments, and contracts.
“IQ.AI for Review provides an extensive suite of AI capabilities across the document review lifecycle, including first pass review and extending to privilege identification, quality control and solving complex data challenges. In expanding our IQ.AI framework to address document review end-to-end, we’re providing clients with impactful, tested, logical uses of generative AI to enrich their understanding of critical matters and reduce the burden of uncovering information within large document populations. These expanded AI capabilities are a testament to our innovation team’s rapid response to client needs and represent our continued investment in delivering expert-led, reliable, defensible, AI-powered solutions that can be applied holistically or to targeted challenges.”
-said Sophie Ross, Global CEO of FTI Technology.
Overall, FCN ranks 2nd on our list of top AI news updates driving markets today. While we acknowledge the potential of FCN 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 time frame. If you are looking for an AI stock that is more promising than FCN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
