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Top 10 AI News Stories For The Weekend

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Last week, Sam Altman, CEO of AI company OpenAI, expressed his confidence that US President-elect Donald Trump’s administration will support the artificial intelligence sector, ensuring the United States and its allies continue their lead. Altman told US broadcaster Fox News that AI technology needed massive infrastructure support and that Trump would be ideal in providing it.

READ NOW: 15 AI News Updates That Broke The Internet and 15 Buzzing AI Stocks Making Headlines 

“We need to build that here and we need to be able to have the best AI infrastructure in the world to be able to lead with the technology and the capabilities. I believe President-elect Trump will be very good at that”.

-Sam Altman, OpenAI CEO

Trump has already picked out Silicon Valley venture capitalist David Sacks as his AI and Crypto czar, stating that Sacks will ensure the legal framework for the token has “clarity” to empower the crypto industry to “thrive”. Trump’s decision to appoint Sacks demonstrates his industry-friendly stance toward emerging technologies.

“David will focus on making America the clear global leader in both areas. He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship”.

-Trump said in a post on his social network, Truth Social.

Meanwhile, SpaceX founder Elon Musk emerged as a key advisor to Trump after the elections. Musk has also been appointed to co-lead the Department of Government Efficiency, or DOGE, which is responsible for streamlining government bureaucracy.

Musk having a potential political influence in the administration, particularly when it comes to AI, could get some people worried. However, prominent figures such as Sam Altman say they aren’t. Altman brushed off suggestions that Musk, the owner of X, would use legal tactics to shut down competitors. Matt Calkins, CEO of Appian, is also confident about Musk’s influence on the Trump administration, stating how the influence is positive because Musk “deeply” knows artificial intelligence.

The growing momentum of AI, underscored by recent government developments, has brought attention to other key players in the sector, including Anthropic, a leading AI-focused company. Anthropic is collaborating with Amazon to develop one of the world’s most powerful AI supercomputers. The mega-project, codenamed “Project Rainer,” will be five times larger than the cluster used to build Anthropic’s current most advanced model. As reported by WIRED, the announcement was made at the company’s Re:Invent conference in Las Vegas by Matt Garman, CEO of AWS. Once it is completed, the supercomputer will be the world’s largest AI machine featuring hundreds of thousands of its latest Trainium 2 AI training chips.

For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A portfolio manager reviewing stocks and bonds in their office.

10. Asana, Inc. (NYSE:ASAN)

Number of Hedge Fund Holders: 18

Asana, Inc. (NYSE:ASAN) is a leading enterprise work management platform, having announced significant demand for its AI Studio, a no-code builder enabling teams to design workflows with the help of AI agents. On December 6, Jefferies analyst Brent Thill maintained Asana with a “Hold” and raised the price target from $13 to $16. Following its earnings, the analyst said that there are signs of stabilization, along with an “encouraging early response” to the AI Studio. Nevertheless, the firm said that the macro environment remains a headwind and that Asana continues to lose share to Monday.com and Smartsheet. It will take some time for the AI Studio to “move the needle”.

9. Verint Systems Inc. (NASDAQ:VRNT)

Number of Hedge Fund Holders: 19

Verint Systems Inc. (NASDAQ:VRNT) is a CX (customer experience) Automation Company™ leveraging the Verint Open Platform and its team of AI-powered bots for delivering tangible AI business outcomes. On December 4th, the company announced the introduction of its latest AI-assisted “scoring bot” running in the Verint Open Platform, a cloud-based AI-driven contact center platform for increasing customer experience (CX) automation. The scoring bot uses unique and proprietary AI models to offer insight into customer experience, agent satisfaction, and the emotional connection between customers and agents. By allotting a score for both customer experience (CX) and employee experience (EX) for every call, contact center teams can enhance agent interactions and customer satisfaction.

“You can’t improve what you don’t measure. The Verint CX/EX Scoring Bot delivers a unique approach to measuring the human experience. These richer CX and EX insights provide the accurate and timely data needed to deliver strong AI business outcomes driven by elevated customer satisfaction, reduced customer churn and increased efficiency in the contact center.”

– Josh Feast, Verint’s general manager, AI-powered Real-time Coaching.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Wall Street calls this $3 stock a “Melting Ice Cube.” They said the same thing about BTI before it returned 90%.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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