We recently published a list of Top 9 Latest AI News Updates Investors Shouldn’t Miss. In this article, we are going to take a look at where Radware Ltd. (NASDAQ:RDWR) stands against other top latest AI news updates investors shouldn’t miss.
Artificial Intelligence (AI) is already transforming diverse industries, including healthcare, energy, cybersecurity, and communications by boosting productivity, enhancing engagement with clients, and significantly lowering operational overheads.
However, experts believe AI today hasn’t evolved enough to guide scientific processes. As tech giants race to launch AI co-scientist tools to help scientists develop hypotheses and research plans and unravel new knowledge, experts opined that these tools fall short of their promises.
“We’ve seen throughout history that some of the most important scientific advancements, like the development of mRNA vaccines, were driven by human intuition and perseverance in the face of skepticism,” said KhudaBukhsh, assistant professor of software engineering at Rochester Institute of Technology. “AI, as it stands today, may not be well-suited to replicate that.”
While some experts believe these tools could be a good starting point for researchers, the lack of details remains worrisome, raising questions about their potential.
“Those are things that various existing tools are claiming to do, but those are not jobs that I would personally leave up to current AI,” added Lana Sinapayen, an AI researcher at Sony Computer Science Laboratories in Japan. She believes that similar tools focus on the wrong kind of scientific legwork.
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 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).
A secure data center showing the cyber security measures taken to protect company operations.
Radware Ltd. (NASDAQ:RDWR)
Number of Hedge Fund Holders: 22
Radware Ltd. (NASDAQ:RDWR) combines AI with its cybersecurity and application delivery solutions to help customers track and mitigate cyber threats, including DDoS attacks, malicious bots, and web application vulnerabilities, across cloud, on-premises, and data center environments. The company’s “EPIC-AI” technology incorporates layers of AI features across its product suite to secure applications and optimize costs.
On March 5th, Radware Ltd. (NASDAQ:RDWR) signed a managed security service provider (MSSP) agreement with CHT Security, a subsidiary of Taiwan’s largest telco Chunghwa Telecom Co. The agreement will enable CHT Security to utilize Radware Ltd.’s AI-powered Cloud Application Protection Services and DefensePro suite to enhance its product portfolio, offer customers next-gen application security, and protect them against evolving cyber attacks.
“We are excited to expand our long-standing relationship with CHT Security. It is becoming increasingly difficult for already short-staffed security teams to defend against a threat landscape that is constantly evolving with more frequent and complex attacks. Through our joint efforts, we can not only help organizations solve these challenges and increase the security around their critical assets, but also create a win-win for the Taiwan market.”
-said Yaniv Hoffman, VP of sales for APAC at Radware Ltd.
Overall, RDWR ranks 4th on our list of top latest AI news updates investors shouldn’t miss. While we acknowledge the potential of RDWR 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 RDWR 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.