Top 8 Trending AI News Updates Investors Should Not Miss

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1. RTX Corp. (NYSE:RTX)

Number of Hedge Fund Holders: 80

RTX Corp. (NYSE:RTX), Raytheon Technologies Corporation, offers defense solutions, including smart weapons, advanced radars, hypersonic missiles, and interceptors globally, to help customers fortify national security.

On February 24th, the company announced that it had completed flight testing of the first AI/ML-driven Radar Warning Receiver (RWR) system for a fourth-generation aircraft. RTX Corp. (NYSE:RTX) highlighted that its Cognitive Algorithm Deployment System (CADS) combines next-gen Embedded Graphics Processing Unit with Deepwave Digital’s computing stack to facilitate the integration of AI models into Raytheon’s legacy RWR systems for AI/ML processing at the sensor. As a result, CADS can employ cognitive methods to locate, identify, and prioritize threats, improving aircrew survivability.

“The advantages of AI in defense systems are extensive, and our recent CADS test demonstrates how commercially available products, paired with advanced algorithms and cognitive methods, can help the U.S. and its allies outpace peer threats. CADS’ ability to quickly process data and run third-party algorithms that prioritize threats, with almost no latency, will significantly enhance survivability for military personnel.”

-said Bryan Rosselli, president of Advanced Products and Solutions at Raytheon.

While we acknowledge the potential of RTX Corp. (NYSE:RTX) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than RTX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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