Top 10 Trending AI News Updates Investors Should Not Miss

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1. Oracle Corp (NYSE:ORCL)

Number of Hedge Fund Holders: 105

Oracle Corp (NYSE:ORCL) is a software infrastructure company that offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software is a service offering that includes various cloud software applications. It also integrates AI into its cloud services and applications, offering both pre-built and customizable AI models, including generative AI. The company’s customer base received a significant boost on March 18 when Singapore’s Defence Science and Technology Agency (DSTA) selected it for cloud offerings.

The company has since signed an Oracle Cloud Isolated Region agreement with the Ministry of Defence (MINDEF) and Singapore Armed Forces (SAF). The deal paves the way for the company to provide high-performance, air-gapped, and secure sovereign cloud computing solutions. Singapore’s Defense Science and Technology Agency will also access data management and artificial intelligence services in a safe environment.

“The demand for secure and scalable cloud solutions is growing. It is more than just data storage and computing—it will be the foundation for a lot of innovation. Through this pilot collaboration with Oracle, we will harness advanced cloud and AI technologies to digitalize and transform our operations,” said Mr Ng Chad-Son, Chief Executive of DSTA.

While we acknowledge the potential of Oracle Corp (NYSE:ORCL) 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 ORCL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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