We recently published a list of 11 AI News Updates Investors Should Not Miss. In this article, we are going to take a look at where BlackBerry Limited (NYSE:BB) stands against other AI news updates investors should not miss.

Artificial intelligence is reshaping the job market in ways not seen or heard before. Right from creating new roles in AI development, data analysis, and related fields, it’s also accelerating the automation of routine tasks and leading to job displacement in certain sectors, necessitating workforce adaptation and reskilling.

According to McKinsey Research, corporate use cases of AI could result in an additional $4.4 trillion in productivity gains over the long run. While AI has enormous long-term potential, its immediate benefits are uncertain. Nevertheless, 92% of businesses intend to boost their investments in AI over the next three years.

A good chunk of the investment is going towards recruiting and poaching talent with advanced AI skills that could be of great benefit to the business. As businesses in almost every sector adapt their hiring processes to adopt the technology, data from job ads indicates that roughly one in four U.S. IT jobs listed are for workers with artificial intelligence expertise.

Similarly, AI accounted for 36% of IT positions listed in January in the information sector, including many tech companies making significant investments in AI development and deployment. Businesses in the professional services and financial sectors, including banks and consulting firms, seek IT personnel with experience developing or utilizing AI models and algorithms.

Open IT positions are becoming more and more AI-focused in sectors that comprise a smaller portion of the tech-hiring landscape. For instance, just a small percentage of healthcare job posts are tech-related, but the proportion of new tech positions in January that dealt with AI was almost double that of a few years prior.

According to Thomas Vick, senior regional director at recruiting company Robert Half, employers are mostly seeking someone with expertise or experience integrating AI into existing positions. Between the end of last year and the release of ChatGPT in the fourth quarter of 2022, new AI-related jobs increased by 68%, while tech postings decreased by 27%, affirming how advanced technology is changing the employment landscape.

Our Methodology

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 in Q4 2024.

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 research engineer surrounded by hardware, demonstrating the company's secure container offerings.

BlackBerry Limited (NYSE:BB)

Number of Hedge Fund Holders: 23

BlackBerry Limited (NYSE:BB) is a software and security company that provides security solutions, secure communications, and software for embedded systems. Its QNX division specializes in operating systems for automotive and other embedded systems. On March 12, QNX unveiled a cutting-edge Functional Safety platform for advanced robotic systems.

The new platform’s built-in Intel Core i7 processors seek to meet the growing demand for integrated and safety solutions in AI-powered environments. It does so by enhancing computing power and virtualization for AI-driven vision systems and other essential robotic applications. It also combines robotic and safety controls onto single NexCOBOT boards to provide a way for manufacturers to achieve cost synergies and lower power consumption.

“Alongside QNX and NexCOBOT, we are focused on advancing this collaboration to deliver a solution designed to reduce development time, ease certification, and lower costs for manufacturers, making this an ideal choice for developing AI-driven robotic systems, including humanoids and autonomous mobile robots (AMRs) operating in unstructured environments,” said Ricky Watts, Senior Director of Federal and Industrial Solutions at Intel.

Overall, BB ranks 8th on our list of AI news updates investors should not miss. While we acknowledge the potential of BB 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 BB 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 is originally published at Insider Monkey.