Top 5 AI News Moving The Market Today

2. Verizon Communications Inc. (NYSE:VZ)

Number of Hedge Fund Holders: 74

Verizon is a critical part of the US communications infrastructure, providing technology, information, communications, and entertainment products to a global clientele. The company’s stock has surged 7% over the last 5 trading sessions, an impressive performance for a stock that is usually considered a boring dividend investment.

The recent optimism is due to the company’s use of AI in improving its sales. Last week, CEO Sampath Sowmyanarayan impressed shareholders when he announced that the company had boosted its sales by 40% since deploying Google’s AI tools. These tools have helped the company improve customer service quality by 95%, the positive effects of which will keep coming as we move forward.

Verizon’s AI product called ‘Personal Research Assistant’ is currently being used by 28,000 different retail stores and customer care centers. The real-time personalized answers to customer queries have helped businesses streamline their support operations and brought about a positive impact on their businesses.

Verizon created these products by feeding over 15,000 company documents to a Gemini LLM, showcasing how AI can be used to improve business performance without having to spend outrageous amounts of money.