We recently published a list of Top 10 AI News You Should Pay Attention To. In this article, we are going to take a look at where Reddit, Inc. (NYSE:RDDT) stands against other top AI news you should pay attention to.
LinkedIn co-founder Reid Hoffman said in a latest program on CNBC that the DeepSeek breakthrough was not “news” for him and many tech insiders as he believed sooner or later more efficient models would be launched. However, he sees China’s rise in the AI race as surprising:
“I do think that the thing that is news is, well, look, as we’ve been saying, China is in the game. This is actually, in fact, a game-on competition, and it was resoundingly demonstrated that way. There is good, useful work that comes out of it.”
The tech investor believes efficiency will lead to more use cases and usage:
“Say, for example, you can train a model on a thousand GPUs, but you can make it much better on 10,000 GPUs. You will, in a lot of cases, always spend for the 10,000 GPUs or the 100,000 GPUs because if your coding model is even 20% better with that and you think that there are billions of people who could be using and engaging with that around the world, that’s actually worth it at that kind of cost. So, the fact that you’re trying to do efficiency — that’s a good thing. All of the American companies will also get to points where they’re focusing on efficiency. I think there are things that we can learn from some of the stuff the Chinese are doing.”
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Reddit, Inc. (NYSE:RDDT)
Number of Hedge Fund Investors: 52
Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, said in a latest program on CNBC that he’s still bullish on Reddit, Inc. (NYSE:RDDT) despite a higher valuation.
“I am staying long Reddit, Inc. (NYSE:RDDT), rolling up my stop higher. Valuation is now higher than when I got in, but it’s a better business.”
Overall, RDDT ranks 8th on our list of top AI news you should pay attention to. While we acknowledge the potential of RDDT, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than RDDT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
