Top 10 Must-See AI News Updates for Investors

1. Workday, Inc. (NASDAQ:WDAY)

Number of Hedge Fund Holders: 71

Workday, Inc. (NASDAQ:WDAY) is a software application company that provides enterprise cloud applications. It offers a suite of financial management applications to maintain accounting information in the general ledger. Likewise, on February 11th, the company unveiled a new way for enterprises to keep track of artificial intelligence agents. The company also launched a few agents of its own.

Workday Agent System of Record is the new system that will help users keep track of AI agents in one control center, whether managed by Workday or a third-party provider. The system keeps track of what the AI agents do and whether they complete the assigned tasks. It will also track the impact of each AI agent and project costs. The unveiling of the new system is part of Workday, Inc.’s (NASDAQ:WDAY) push to unlock new growth opportunities as AI agents become an essential part of an enterprise company’s workflows. While Workday will not charge enterprises for using the AI agent platform at the start, it will charge for the use of its Workday AI agents.

“The workforce is expanding. It’s no longer just human workers, it’s now digital workers, and we need to have a unified platform that manages your entire workforce going forward,” Workday CEO Carl Eschenbach said.

While we acknowledge the potential of Workday, Inc. (NASDAQ:WDAY) 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 WDAY but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article was originally published at Insider Monkey.