Top 12 AI Stock News and Ratings Dominating Wall Street

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8. Fastly, Inc. (NYSE:FSLY)

Number of Hedge Fund Holders: 14

Fastly, Inc. (NYSE:FSLY) is an edge cloud platform provider that offers cloud computing, image optimization, security, edge computer technology, and streaming solutions. On December 16, the company announced the general availability of Fastly AI Accelerator, a semantic caching solution that allows developers to optimize their LLM generative AI applications. Delivering an average of 9x faster response times, the AI accelerator was initially released in beta with support for OpenAI’s ChatGPT and is now available with Microsoft Azure AI Foundry as well. Developers would often need only a single line of code to update their application to a new API endpoint. This reduces the need to repeatedly call the AI provider as Fastly’s Edge Cloud Platform caches and responds to repeated queries. As a result, developers enjoy more efficient AI performance, lower costs, and an overall better experience.

“AI is helping developers create so many new experiences, but too often at the expense of performance for end-users. Too often, today’s AI platforms make users wait. With Fastly AI Accelerator we’re already averaging 9x faster response times and we’re just getting started.1 We want everyone to join us in the quest to make AI faster and more efficient”.

-Kip Compton, Chief Product Officer at Fastly.

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