10 AI News That You Should Not Miss

4. Li Auto Inc. (NASDAQ:LI)

Number of Hedge Fund Holders: 26

Li Auto Inc. (NASDAQ:LI) specializes in designing, manufacturing, and selling premium smart electric vehicles, including MPVs and SUVs. Moreover, the company has spent a significant portion of its R&D budget on AI development.

South China Morning Post reported that Li Auto (NASDAQ:LI) plans to transition into an AI-focused company, with ambitions to develop humanoid robots and make AI central to its future strategy, according to CEO Li Xiang. The company aims to position its foundational AI model, Mind GPT, as one of China’s top three within a few years and will launch an AI assistant app, Lixiang Tongxue, soon. Despite not ranking in current AI model evaluations, Li Auto has invested over half of its 10 billion yuan R&D budget this year in AI development.