In this article, we discuss the 15 AI news that you should not miss.
US-China chip wars have been dominating headlines in the AI universe for the past few weeks. After the US announced fresh curbs on export of advanced AI chips to China, the Asian country responded by announcing that it had banned exports to the United States of the critical minerals gallium, germanium and antimony that have widespread military applications. Some of the banned minerals like gallium and germanium are used in semiconductors, while germanium is also used in infrared technology, fibre optic cables and solar cells. Others, like antimony, are used in bullets and other weaponry, while graphite is the largest component by volume of electric vehicle batteries.
Read more about these developments by accessing 10 Best AI Data Center Stocks and 10 Buzzing AI Stocks According to Goldman Sachs.
According to news agency Reuters, the move has sparked fresh concern that Beijing could next target other critical minerals, including those with even broader usage such as nickel or cobalt. China has also blocked some purchases from chipmaker Micron citing security concerns. There are also reports that chipmaker Intel would be the next target following comments from the Cybersecurity Association of China that the American firm has constantly harmed the country’s national security and interests and that its products sold in China should be subject to a security review.
Read more about these developments by accessing 30 Most Important AI Stocks According to BlackRock and Beyond the Tech Giants: 35 Non-Tech AI Opportunities.
For this article, we selected AI stocks by combing through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
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AI News That You Should Not Miss
15. STMicroelectronics N.V. (NYSE:STM)
Number of Hedge Fund Holders: 18
STMicroelectronics N.V. (NYSE:STM) makes and sells semiconductor products. The company has long-term exposure to structural growth areas such as the energy transition, data centers, and microcontrollers. The firm recently launched the ST AIoT Craft, a new web-based tool that simplifies the development and provisioning of node-to-cloud AIoT (Artificial Intelligence of Things) projects using the machine-learning core of ST smart MEMS sensors. Per a report by tech news platform Express Computer, the tool consumes minimal power and efficiently handles tasks requiring AI capabilities, such as classification and pattern detection.
