14 AI News That Broke The Internet This Week

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1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 286  

Amazon.com, Inc. (NASDAQ:AMZN) operates as a technology conglomerate with core interests in the ecommerce business. Anthropic, the AI startup that just received $4 billion in funding from the tech giant, has announced that it is launching major upgrades to the Claude AI assistant. The updates include a feature called customizable writing styles. This feature empowers users with greater control over the responses of the chatbot, with the option to switch between formal, concise, and explanatory styles. Anthropic rivals like Gemini by Google and Apple Intelligence already offer these features.

While we acknowledge the potential of Amazon.com, Inc. (NASDAQ:AMZN) as an investment, our conviction lies in the belief that some 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 Amazon.com, Inc. (NASDAQ:AMZN) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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