11 Important AI News and Ratings for Investors

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5. Baidu, Inc. (NASDAQ:BIDU)

Number of Hedge Fund Holders: 54

Baidu, Inc. (NASDAQ:BIDU) offers AI-driven online marketing and cloud services, leveraging its AI initiatives to enhance its digital platform offerings.

Reuters reported that Asian hedge funds are investing in Chinese tech companies including Baidu (NASDAQ:BIDU), driven by their AI innovations, despite concerns over U.S. export restrictions. Fund managers highlight the rapid adoption of AI across China’s massive consumer base and lower valuations compared to U.S. firms. Companies like Baidu and Xiaomi are advancing AI with products like AI-driven mobile apps, smart wearables, and robotaxis, the report states. However, while Chinese AI models are gaining recognition, some remain cautious about their ability to match U.S. firms’ earnings growth.

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