10 AI Stocks Making Waves on Wall Street

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 227

Alphabet Inc. (NASDAQ:GOOGL) is one of the 10 AI Stocks Making Waves on Wall Street. On June 25, Google’s DeepMind announced the launch of AlphaGenome: an AI model that helps scientists better understand DNA, the hereditary material in all organisms. The new artificial intelligence tool by Google is designed to predict how genetic variations in human DNA impact biological processes that regulate genes.

This AI model is capable of analyzing up to 1 million DNA base pairs and predicting thousands of molecular properties related to regulatory activity. It can also assess the effects of genetic variants by comparing predictions between mutated and unmutated sequences.

The company is making AlphaGenome available in preview via their AlphaGenome API for non-commercial research, and also plans to release the model in the future. The predictive capabilities offered by AlphaGenome will help more accurately predict genetic disruptions, guide the design of synthetic DNA with specific regulatory function, and also accelerate our understanding of the genome.

“AlphaGenome will be a powerful tool for the field. Determining the relevance of different non-coding variants can be extremely challenging, particularly to do at scale. This tool will provide a crucial piece of the puzzle, allowing us to make better connections to understand diseases like cancer.”

-Professor Marc Mansour, University College London

Alphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.