Top 8 Trending AI News Updates Investors Should Not Miss

3. MongoDB Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 70

MongoDB Inc. (NASDAQ:MDB) offers a leading open-source database within its unified, intelligent data platform to help developers build next-gen applications. Its diverse features, such as AI-driven retrieval alongside real-time analytics and enhanced operational data search capabilities, enable companies to simplify complex architectures and innovate more efficiently.

On February 24th, MongoDB Inc. (NASDAQ:MDB) announced the acquisition of Voyage AI, which specializes in embedding and reranking models through powerful retrieval mechanisms, to advance the development of AI applications. The acquisition will help developers using the MongoDB database build AI-powered applications using highly accurate data and high-quality data retrieval capability.

“AI has the promise to transform every business, but adoption is held back by the risk of hallucinations. By bringing the power of advanced AI-powered search and retrieval to our highly flexible database, the combination of MongoDB and Voyage AI enables enterprises to easily build trustworthy AI-powered applications that drive meaningful business impact. With this acquisition, MongoDB is redefining what’s required of the database for the AI era.”

-said Dev Ittycheria, CEO of MongoDB Inc.