Top 10 AI News Updates Trending on Wall Street

4. HP Inc. (NYSE:HPQ)

Number of Hedge Fund Holders: 42

HP Inc. (NYSE:HPQ) is a computer hardware company that provides personal computing and other digital access devices, imaging and printing products, and related technologies. On February 10th, the company announced plans to pursue growth opportunities in Saudi Arabia as part of its global expansion plan.

HP Inc. (NYSE:HPQ) is establishing a state-of-the-art manufacturing facility in the kingdom to cater to the growing demand for computing devices. Additionally, the company is to set up an artificial intelligence research and development centre. The centre focuses on developing AI-driven solutions to enhance business efficiency and automation. The artificial intelligence centre will also focus on areas of AI-driven decision-making data analytics and robotic process automation. Based in Dhahran, the centre is expected to attract top global and local AI talent.

“At HP, we see tremendous potential in the Kingdom of Saudi Arabia and have made strategic AI investments to fuel further growth in the region”, said Enrique Lores, President and CEO of HP. “Building on our trusted brand and the strength of our portfolio, we are committing to manufacturing, education and research initiatives that drive innovation and help expand HP’s global reach, bringing even greater opportunity to the MEA region.”