Top 12 AI Stocks Taking Wall Street by Storm

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 202

Alphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. On February 10, the company took on a new initiative, in partnership with OpenAI, Roblox Corp., and Discord, raising more than $27 million to provide free, open-source tools for improving child safety online. Robust Open Online Safety Tools, or ROOST, was launched at the Artificial Intelligence Action Summit in Paris. The new non-profit organization aims to bring together major technology companies and philanthropies to build safety infrastructure for the AI era.

The founding partners of this partnership include Eric Schmidt, Discord, OpenAI, Google (GOOGL), Roblox (RBLX), John and James Knight Foundation, AI Collaborative, Patrick McGovern Foundation, and Project Liberty Institute. According to Eric Schmidt, a founding partner of the organization and former chief executive officer of Google, ROOST promises to address “a critical need to accelerate innovation in online child safety”.

“ROOST ushers in a new era of collaborative safety innovation. By making robust safety tools accessible to all through open source, we’re creating a more pluralistic and secure digital future in the age of AI. We thank our founding partners and supporting partners for their invaluable contributions to this mission.”

– Camille François, President of ROOST and Professor at Columbia University.