We recently compiled a list of the 10 Emerging AI Stocks You Should Keep on Your Radar. In this article, we are going to take a look at where Baidu, Inc. (NASDAQ:BIDU) stands against the other AI stocks you should keep on your radar.
Building the Future of AI in the U.S.
As reported by CNBC on November 13, OpenAI’s “blueprint for U.S. AI infrastructure” outlines plans for AI economic zones, utilizing the U.S. Navy’s nuclear expertise, and attracting private investment in government projects. The proposal includes a North American AI alliance to compete with China and a National Transmission Highway Act to modernize the grid. OpenAI views AI as a transformative technology, driving job creation, economic growth, and advancements in energy and chip manufacturing.
The blueprint recommends speeding up permitting processes and creating research hubs at public universities. It also calls for expanding energy and fiber connectivity with government-backed funding. OpenAI highlights the Midwest and Southwest as ideal areas for AI development, with a focus on renewable energy and data centers. The plan emphasizes the need for 50 gigawatts of energy by 2030 to support AI growth and proposes small modular reactors to expand nuclear power capacity.
Read more about these developments by accessing 14 Trending AI Stocks on Latest Ratings and News and 15 AI News Investors Are Paying Attention To.
The Road Ahead for AI in Business
CNBC recently discussed the future of AI with Kunle Olukotun, co-founder and chief technologist at SambaNova Systems. The discussion centered on the growing demand for AI in 2025, with major tech companies continuing to invest heavily in infrastructure. While these companies are shifting from AI experimentation to deployment, there’s a significant focus on the transition from training models to using them in real-world applications. This change is leading to more complex AI systems, which integrate multiple models for business automation.
Kunle Olukotun expects that in 2025, businesses will move beyond pilot phases, widely adopting AI systems that involve more complex reasoning and interactions, rather than simple chatbots. The key to this shift will be rapid inference capabilities.
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 collected the latest AI-related updates around non-US-based stocks from 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).
A modern internet space with a person using Baidu services on a laptop.
Baidu, Inc. (NASDAQ:BIDU)
Market Capitalization: $30.193 billion
Baidu, Inc. (NASDAQ:BIDU) is a Chinese technology company specializing in search engine services, artificial intelligence, and cloud computing, with a focus on online marketing and digital entertainment.
On November 18, it was announced that Baidu Smart Cloud has launched initiatives to advance artificial intelligence through partnerships and infrastructure development. In Wuhan’s Qiaokou District, it collaborated with local authorities to unveil the Hanjiangwan Artificial Intelligence Industrial Park and establish the Baidu Smart Cloud (Wuhan) New Quality Productivity Industrial Base. This project will focus on AI innovation, data annotation, and talent training.
In Neijiang High-tech Zone, Baidu (NASDAQ:BIDU) signed a strategic agreement to develop a digital intelligence hub centered on data supply, model innovation, and intelligent applications. These efforts aim to boost the digital economy and foster industrial growth in Southwest China.
The original press release was in Chinese, so there may be minor discrepancies due to translation.
Overall BIDU ranks 4th on our list of AI stocks you should keep on your radar. While we acknowledge the potential of BIDU as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than BIDU but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.
Disclosure: None. This article is originally published at Insider Monkey.
