Top 8 AI News Updates on Wall Street’s Radar

4. Lockheed Martin Corporation (NYSE:LMT)

Number of Hedge Fund Holders: 65

Lockheed Martin Corporation (NYSE:LMT) is an aerospace and defense company that designs military aircraft, satellite platforms, ground control software, and launch vehicles for crewed spacecraft. The company has multiple AI and ML-based initiatives, such as the LMText Navigator, T-Tauri platform, and the Astris AI subsidiary, to rapidly process large datasets from space, air, and ground sensors, monitor spacecraft telemetry, and integrate AI solutions in the US defense industrial base.

On March 28th, Lockheed Martin Corporation (NYSE:LMT) announced a collaboration with Google Cloud, integrating the latter’s GenAI into its AI Factory ecosystem to improve the ability to train and deploy high-performance AI models for national security, aerospace, and scientific applications. Specifically, Lockheed Martin will apply AI capabilities enhanced by Google Cloud to make progress in areas like advanced intelligence analysis, predictive aerospace maintenance, engineering designs, supply chains, software development, customized workforce training, and accelerated scientific discoveries.

 “Using Google Cloud’s AI technologies allows us to explore a wide range of powerful capabilities to deliver innovative, reliable solutions that stay ahead of the curve. A sustained relationship with Google Public Sector is part of our ongoing commitment to a culture of innovation, driving continuous improvement and delivering results for our customers.”

-said John Clark, senior vice president, Lockheed Martin Technology & Strategic Innovation.