Open Text Corporation (OTEX) Unveils Cloud Editions (CE) 24.4 with AI-Driven Innovations to Enhance Data Connectivity and Streamline Business Operations
We recently compiled a list of the 10 Emerging AI Stocks You Should Keep on Your Radar. In this article, we are going to take a look at where Open Text Corporation (NASDAQ:OTEX) stands against the other AI stocks you should keep on your radar.
As reported by CNBC on November 13, OpenAI’s “blueprint for U.S. AI infrastructure” outlines plans for AI economic zones, utilizing the U.S. Navy’s nuclear expertise, and attracting private investment in government projects. The proposal includes a North American AI alliance to compete with China and a National Transmission Highway Act to modernize the grid. OpenAI views AI as a transformative technology, driving job creation, economic growth, and advancements in energy and chip manufacturing.
The blueprint recommends speeding up permitting processes and creating research hubs at public universities. It also calls for expanding energy and fiber connectivity with government-backed funding. OpenAI highlights the Midwest and Southwest as ideal areas for AI development, with a focus on renewable energy and data centers. The plan emphasizes the need for 50 gigawatts of energy by 2030 to support AI growth and proposes small modular reactors to expand nuclear power capacity.
Read more about these developments by accessing 14 Trending AI Stocks on Latest Ratings and News and 15 AI News Investors Are Paying Attention To.
CNBC recently discussed the future of AI with Kunle Olukotun, co-founder and chief technologist at SambaNova Systems. The discussion centered on the growing demand for AI in 2025, with major tech companies continuing to invest heavily in infrastructure. While these companies are shifting from AI experimentation to deployment, there’s a significant focus on the transition from training models to using them in real-world applications. This change is leading to more complex AI systems, which integrate multiple models for business automation.
Kunle Olukotun expects that in 2025, businesses will move beyond pilot phases, widely adopting AI systems that involve more complex reasoning and interactions, rather than simple chatbots. The key to this shift will be rapid inference capabilities.
Read more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we collected the latest AI-related updates around non-US-based stocks from news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
