10 Emerging AI Stocks You Should Keep on Your Radar

2. Alibaba Group Holding Limited (NYSE:BABA)

Market Capitalization: $209.375 billion

Alibaba Group Holding Limited (NYSE:BABA) provides e-commerce, cloud computing, digital media, and logistics services globally. The company also is deeply involved in AI and Alibaba Cloud’s Platform for AI is designed for enterprises and developers. It offers cost-effective, scalable tools with over 140 optimization algorithms for tasks like data labeling, model building, training, and deployment, supporting several industry applications.

On November 19, the Financial Times reported that Alibaba (NYSE:BABA) along with China’s major tech companies, ByteDance, and Meituan, are actively building AI teams in Silicon Valley, targeting top US talent. Despite US efforts to limit their advancements, Alibaba is recruiting AI experts in Sunnyvale, focusing on individuals with experience at OpenAI and leading American firms. Smaller Chinese AI startups are also hiring engineers with backgrounds in prominent US research labs and companies.