15 AI News Updates That Investors Are Watching

In this article, we discuss the 15 AI news updates that investors are watching.

The chip wars between the United States and China are in full swing. After reports that the US was considering additional curbs on the export of advanced AI chips to Chinese companies, Beijing responded by saying it would take necessary actions to protect Chinese firms if the US escalated chip control measures. According to a report by news agency Reuters, when quizzed about reports that the US was planning to add 200 Chinese firms to a trade blacklist, a Chinese government spokesperson said China strongly opposes the US broadening the concept of national security, and the abuse of control measures targeting Chinese companies.

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He Yadong, a commerce ministry spokesman, said that these actions severely disrupt the international economic and trade order, destabilise global industrial security, and harm the cooperative efforts between China and the US, as well as the global semiconductor industry, per Reuters. If the US insists on escalating control measures, China will take necessary actions to resolutely protect the legitimate rights of Chinese enterprises, he added. The report adds that the US fears China using chips to strengthen military capabilities.

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AI News Updates That Investors Are Watching

15. Symbotic Inc. (NASDAQ:SYM)

Number of Hedge Fund Holders: 15 

Symbotic Inc. (NASDAQ:SYM) is an automation technology company that engages in developing technologies to improve operating efficiencies in modern warehouses. The AI business focuses on automating supply chain and warehouse operations. On November 27, Craig-Hallum analyst Greg Palm downgraded the stock to Hold from Buy with a price target of $25, down from $45, citing the company’s accounting mishap and associated credibility hit. While the advisory’s long-term view remains unchanged, it sees too much uncertainty to defend the stock at this point, the investment firm told investors.