5 Most Advanced AI Companies

3. Alphabet Inc. (NASDAQ:GOOG)

Market Capitalization as of 12/5: $1.29 trillion

Number of Hedge Fund Holders: 156

Alphabet Inc. (NASDAQ:GOOG) uses AI to sell more ads, improve its search results, and to serve up more interesting videos for YouTube shorts. Given its Waymo business, Alphabet Inc. (NASDAQ:GOOG) is also working on autonomous driving that’s powered by AI. Furthermore, Alphabet Inc. (NASDAQ:GOOG) is one of the leaders in quantum computing.

In terms of total research and development which includes AI spending, Alphabet Inc. (NASDAQ:GOOG) spent $31.562 billion in R&D in 2021, also ranking among the leaders in that metric. 156 hedge funds in our database were long Alphabet Inc. (NASDAQ:GOOG) at the end of Q3.