We recently published a list of 12 AI News Investors Should Not Miss This Week. In this article, we are going to take a look at where Hive Digital Technologies Ltd (NASDAQ:HIVE) stands against other AI news Investors should not miss this week.
Artificial Intelligence (AI) is known to increase productivity, decrease human error, and expedite the development of human resources. The market is being inundated with new AI capabilities to solve pressing business issues, such as employee expectations. By comprehending the unique needs, desires, and preferences of each employee, AI-powered solutions assist in creating individualized employee experiences that promote engagement.
Likewise, automation of the labor market has inched a notch higher as China takes the fight to the US on game-changing artificial intelligence innovations. That’s evident with the launch of Manus, the world’s first AI agent, which operates autonomously without human intervention. Just weeks after China threatened US AI dominance by launching cost-effective AI models through DeepSeek, it moved to avert the need for human intervention on AI agents.
Manus is the new AI sensation that promises to coordinate the work of specialized assistants in the race to automate recruitment and website development tasks. In addition to managing the work of numerous expert assistants, it can execute complex, multi-step activities. It works in the background, finishing all tasks on its own and only releasing data when the outcomes are ready.
Additionally, Manus stands out for its ability to act independently and without guidance, unlike conventional chatbots like ChatGPT, Gemini, or Grok, which wait for commands. Manus heralds a new era of automation driven by AI, in which machines would help people and assume leadership and decision-making responsibilities.
HR, tech development, logistics, and customer service are just a few of the areas that this change might greatly impact. While it may result in more efficiency, it may also raise issues with unemployment and the morality of AI autonomy.
The global artificial intelligence in the human resource market was valued at $7.01 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 15.94%. Due to AI integration in the various HR processes, the market is expected to reach $30.77 billion by 2034, according to a study by Precedence Research. The development of sophisticated AI solutions like Manus to assist businesses and companies in effectively managing personnel acquisition, employee engagement, and retention should accelerate growth.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds in Q4 2024.
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).
A close-up of hands typing code to facilitate the exchange of Ethereum and Ethereum Classic.
Hive Digital Technologies Ltd (NASDAQ:HIVE)
Number of Hedge Fund Holders: 13
Hive Digital Technologies Ltd (NASDAQ:HIVE) is a technology company that designs, develops, and operates data centers for cryptocurrency mining and provides infrastructure solutions for the blockchain and AI industries. The company is also redefining the future by powering advanced technologies like AI with clean energy. On March 10, the global leader in sustainable data center infrastructure released its February production results and strategic milestones.
Hive Digital Technologies Ltd’s (NASDAQ:HIVE) executive chairman, Frank Holmes, reiterated that strategic focus remains on transformative trends of Bitcoin and artificial intelligence. He echoed the appointment of Craig Tavares as chief operating officer of Buzz HPC as a testament to driving innovation through high-performance computing and GPU cloud services. The remarks come on HIVE Digital mining 89 BTC and bringing its total holdings to 2,620 BTC, valued at $220 million as of February.
“With over two decades of expertise in digital infrastructure, Craig’s leadership will be instrumental in scaling Buzz HPC’s operations and realizing our vision of reaching $100 million in revenue. His deep industry knowledge and track record of success positions us to capitalize on the immense opportunities ahead in AI-driven computing and blockchain technologies,” Holmes said.
Overall, HIVE ranks 10th on our list of AI news Investors should not miss this week. While we acknowledge the potential of HIVE 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 HIVE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
