10 AI Stocks to Keep on Your Radar

5. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 126

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. On March 13, Reuters reported that Tesla is working with Baidu to improve the performance of its advanced driving assistance (ADAS) system in China. According to sources, Baidu has dispatched a group of engineers from its mapping team to Tesla’s Beijing office in recent weeks.

These engineers have been working on improved integration between Baidu’s navigation map information, such as lane marking and traffic light signals, with Tesla’s Full Self-Driving (FSD) Version 13 software. The collaboration aims to improve Full Self Driving V13’s knowledge of Chinese roads with more accurate and updated mapping information. While in the US, Tesla’s FSD system doesn’t require navigation maps to be accurate or up-to-date since local training of the AI helps the technology drive better, the company can’t do the same in China because of the country’s data laws.