Morgan Stanley’s 15 Best European AI Stocks

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12. Fortum Oyj (OTC:FOJCY)

Number of Hedge Fund Holders: N/A  

Fortum Oyj (OTC:FOJCY) engages in the generation and sale of electricity and heat in the Nordic countries, Sweden, Germany, the United Kingdom, the Netherlands, and internationally. It is based in Finland. One notable AI initiative of the firm is the development of a tool that classifies requirements into predetermined categories, significantly accelerating the requirements engineering process. This advancement is particularly beneficial for Fortum’s nuclear engineering tasks, as it streamlines requirements classification, thereby enhancing operational efficiency. Additionally, Fortum has implemented AI to predict heat demand within its district heating networks. By analyzing weather patterns, human behavior, and energy flows, the company can optimize heat production and supply.

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