We recently published a list of Top 9 Latest AI News Updates Investors Shouldn’t Miss. In this article, we are going to take a look at where Wipro Limited (NYSE:WIT) stands against other top latest AI news updates investors shouldn’t miss.
Artificial Intelligence (AI) is already transforming diverse industries, including healthcare, energy, cybersecurity, and communications by boosting productivity, enhancing engagement with clients, and significantly lowering operational overheads.
However, experts believe AI today hasn’t evolved enough to guide scientific processes. As tech giants race to launch AI co-scientist tools to help scientists develop hypotheses and research plans and unravel new knowledge, experts opined that these tools fall short of their promises.
“We’ve seen throughout history that some of the most important scientific advancements, like the development of mRNA vaccines, were driven by human intuition and perseverance in the face of skepticism,” said KhudaBukhsh, assistant professor of software engineering at Rochester Institute of Technology. “AI, as it stands today, may not be well-suited to replicate that.”
While some experts believe these tools could be a good starting point for researchers, the lack of details remains worrisome, raising questions about their potential.
“Those are things that various existing tools are claiming to do, but those are not jobs that I would personally leave up to current AI,” added Lana Sinapayen, an AI researcher at Sony Computer Science Laboratories in Japan. She believes that similar tools focus on the wrong kind of scientific legwork.
We selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s database of over 1000 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 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A modern office building with a large sign displaying the companies logo.
Wipro Limited (NYSE:WIT)
Number of Hedge Fund Holders: 18
Wipro Limited (NYSE:WIT) is a multinational company that offers IT and consulting services and business solutions worldwide for a range of sectors, including finance, healthcare, and manufacturing.
On March 5th, Wipro Limited (NYSE:WIT) announced the launch of an AI-first managed services platform, TelcoAI360, developed in partnership with Wipro’s AI partner ecosystem, to help telcos deploy differentiated technology services at scale and speed while ensuring enhanced customer experiences at lower costs. The tool integrates Wipro Limited’s (NYSE:WIT) domain expertise with AI-powered tools and solutions, enabling communication service providers (CSPs) to markedly minimize operational overheads by streamlining processes, automating workflows, and managing resources efficiently. Furthermore, TelcoAI360 will help with faster time to market for new solutions as well as offer better network performance and AI-powered security measures for data protection.
“The launch of TelcoAI360 marks a significant milestone in our commitment to empowering telcos with future-ready network management solutions. Leveraging our AI-powered platforms and deep domain expertise, we are delivering an industry-first solution that redefines telecom operations with automation, security, and AI at scale.”
-said Lalit Kashyap, sector head of Communications, Media and Networks at Wipro Limited.
Overall, WIT ranks 6th on our list of top latest AI news updates investors shouldn’t miss. While we acknowledge the potential of WIT 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 time frame. If you are looking for an AI stock that is more promising than WIT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
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