We recently published a list of 10 Buzzing AI Stocks on Latest News and Ratings. In this article, we are going to take a look at where Oracle Corporation (NYSE:ORCL) stands against other buzzing AI stocks on latest news and ratings.
With President Donald Trump having returned to power, one of the first things he has done is revoke a 2023 executive order signed by Joe Biden seeking to reduce the risks that artificial intelligence posed to consumers, workers, and national security. The revoke marks a significant shift in federal oversight of artificial intelligence technology.
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According to Biden’s orders, developers of AI systems posing risks in any way to the US government, the economy, or even public health or safety, needed to share the results of safety tests with the government, which was in line with the Defense Production Act.
The order also required agencies to create orders for testing and address related chemical, biological, radiological, nuclear, and cybersecurity risks. As of now, all key safety and transparency requirements for AI developers have been revoked.
While it is currently unclear how the Trump administration will handle rules and regulations regarding AI, it is likely to be more of a “hands-off” approach. Regardless of how it is handled, the one clear thing is that this technology will continue to be extremely transformative.
As quoted by CEO of Abu Dhabi sovereign wealth fund Mubadala to CNBC at the World Economic Forum in Davos, the world has yet to completely recognize the extent of change AI will bring to every aspect of human life.
“In terms of the risks … this is a technology that no one today really appreciates, truly the level of disruption that it’s going to create, affecting everything from our lives, our businesses, human capital, employment, and every sector is going to be disrupted. And I think that while there’s a lot of opportunity, it also presents significant amount of risk, which is today unclear, because the technology is moving so fast and we’re all trying to catch up as much as possible”.
-Khaldoon Al Mubarak, managing director of the $330 billion fund, told CNBC’s Dan Murphy.
Al Mubarak is also optimistic about the future of AI and the UAE’s ability to leverage its investment strategy.
“The demand is going to be profoundly high in terms of the enablement of that technology. That means “the technology, the AI enablement, which is the infrastructure side of it — be it energy, be it transmission, but also all forms of technology, of energy technology that’s going to help fuel this huge demand, I would also add to that data center build-out, chip build-out.”
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.
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).
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Oracle Corporation (NYSE:ORCL)
Number of Hedge Fund Holders: 91
Oracle Corporation (NYSE:ORCL) is a database management and cloud service provider. On January 15, the company announced that it is partnering with Adarga, a leader in AI-driven information intelligence, to bring Adarga’s Vantage software to Oracle Cloud Infrastructure (OCI) and Oracle’s distributed cloud. The collaboration will allow the two companies to help defense and security organizations in the UK along with its allies by delivering mission-critical data and insights to them. Adarga Vantage enhances defense and security organizations by extracting, contextualizing, and connecting information from millions of internal and external sources, and that too, in over 75 languages. It also offers advanced search, discovery, and AI tools to improve intelligence gathering and enhance decision-making in multi-domain environments. With Oracle (NYSE:ORCL) being the only hyperscaler capable of delivering AI and a full suite of 150+ cloud services across multiple cloud environments, the deployment of Vantage across Oracle’s distributed cloud would mean Adarga customers will be able to maximize the value of their data and make faster and better-informed decisions. They will be able to do so while addressing security and sovereignty requirements. Customers will be able to run operational applications in disrupted, disconnected, intermittent, and low-bandwidth environments. Initially, Adarga will deploy Vantage in the Oracle Cloud for the UK Government and Defense by leveraging Oracle’s dual-region cloud dedicated to the UK public sector and defense customers.
“Armed forces, government, and defence organisations need to continually access, analyse, and act on intelligence faster than ever as warfare is increasingly fought on a digital battlefield. Adarga Vantage on Oracle Cloud Infrastructure brings together a powerful AI-driven solution on an industry-leading cloud and AI infrastructure to help military organisations win”.
-Bram Couwberghs, vice president of defence, Oracle EMEA.
Overall, ORCL ranks 2nd on our list of buzzing AI stocks on latest news and ratings. While we acknowledge the potential of ORCL as an investment, our conviction lies in the belief that some 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 ORCL 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.