NICE Ltd. ( NICE): Expanding AI-Driven Solutions with Strong Financial Results

Stay Ahead: 9 Important AI News Updates: What You Need to Know just was published. In this article, we are going to take a look at where NICE Ltd. ( NASDAQ: NICE ) stands against other key AI news updates you need to see.

conceptual artificial intelligence has been used in a variety of fields as a very versatile tool. In the process, it might turn into a general-purpose systems capable of performing any activity a mortal might. Given that the generative AI market is expanding at a compound annual growth rate of 34.20 %, Research and Markets claims, it has sparked an arms race between businesses and, most recently, between nations.

A year into office, President Donald Trump rolled up Biden-era artificial intelligence safety and security measures. As the US fights China in the AI race, the new administration tries to accelerate and speed up conceptual AI development.

To keep global leadership in AI engineering,” we must develop AI systems that are free from intellectual discrimination or engineered social agendas”, Trump’s get says.

President Joe Biden’s 2023 policy was overturned by Trump’s executive order, which mandated that AI developers submit findings to the government before releasing systems that could threaten public health, national security, or the economy.

The Biden policy, according to the Trump administration, “established unnecessary burdensome requirements for companies developing and deploying AI that would stifle private sector innovation and threaten American technological leadership.”

In addition, the Biden executive order mandated that deepfakes be watermarked, that government agencies establish AI testing standards that take into account national security threats, and that federal law enforcement and intellectual property regulators change how copyrighted works are used in AI training. According to Trump’s executive order, the previous administration “hampered the private sector’s ability to innovate in AI by imposing government control over AI development and deployment.”

The removal of the security and safety measures is being portrayed as a floodgate, opening the door to AI development, which could expedite advancements in the field that is still in its early stages but also pose risks. However, Mozilla and the Consumer Federation of America have both written letters to the White House to demand that these “key rules” be maintained for transparency and testing of artificial intelligence.

Seniors, veterans, and consumers will have their benefits improperly altered and their health endangered, according to the authors of the article.” Without guardrails like testing and transparency on an AI system before it’s used, guardrails so basic that any engineer should be ashamed to release a product without them.” ” We call on you to keep key rules about testing and transparency for safety- and rights-impacting AI in place”.

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

Why are we drawn to the stocks that hedge funds invest in? Our research has demonstrated that by imitating the best hedge funds ‘ top stock picks, we can outperform the market. 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 ( ).

NICE Ltd. (NICE): Expanding AI-Driven Solutions with Strong Financial Results
NICE Ltd. ( NICE): Expanding AI-Driven Solutions with Strong Financial Results

A data scientist is observing the performance of AI-driven digital business solutions.

Number of Hedge Fund Holders: 24

NICE Ltd. ( NASDAQ: NICE ) is a technology company that provides global cloud platforms for AI-driven digital business solutions. It offers CXone, a native cloud open platform, and Enlightens, an AI engine for the customer engagement market. Analysts at DA Davidson reiterated their Buy rating and$ 225 price target on the stock on January 29. The stock is undervalued based on its strong financial results and robust fundamentals, and investors are concerned about this.

Additionally, the analysts touted NICE Ltd.’s ( NASDAQ: NICE ) commitment to staying ahead of market trends and providing AI-driven digital business solutions. The company has expanded its Contact Center as a Service Business capabilities while investing in new artificial intelligence platform developments. It is expanding its scope beyond its main CCaaS products and expanding its platform to include more sophisticated solutions. This expansion is anticipated to lead to more client growth and interaction. The investments are already paying off, given that NICE third quarter revenues were up by 15 % to$ 690 million, attributed to strong demand for the company’s AI tools.

NICE overall comes in seventh place on our list of important AI news updates that you need to be aware of. As we acknowledge NICE’s potential for growth, we are of the opinion that AI stocks have a strong chance of delivering high returns in a shorter amount of time. Check out our report on the cheapest AI stock if you’re looking for one that is more promising than NICE but trades for less than 5 times its earnings.

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