Cloudflare launches Workers AI for easy deployment of AI applications, acquisitions and revenue growth.

From Nasdaq: 2024-04-03 10:03:00

Cloudflare, Inc. unveiled Workers AI, allowing one-click global deployment of AI applications in collaboration with Hugging Face. The platform features GPUs in 150 cities, including recent launches like Cape Town and Mumbai. Companies like Talkmap and ChainFuse already use Workers AI for enhanced AI applications.

Cloudflare enhances its portfolio with Defensive.AI, Cloudflare One Data Protection Suite, and more. Acquisitions like Area 1 Security and Vectrix expand its offerings. Fourth-quarter 2023 revenues and adjusted EPS surged 32% and 150% year-over-year. Cloudflare maintains a Zacks Rank #3 with a 20.1% YTD stock increase.

Consider investing in technology stocks like Meta Platforms, Zscaler, and Twilio, all with a Zacks Rank #2. Meta Platforms’ 2024 earnings estimate is up 8.9%, Zscaler’s fiscal 2024 earnings grew by 52.5%, and Twilio’s 2024 earnings are set to rise by 7.8%. These stocks show growth potential in the tech sector.



Read more at Nasdaq: Cloudflare (NET) Eases AI App Deployment With Workers AI Tool