We recently compiled a list of the 9 Latest AI News Updates Investors Should Not Miss. In this article, we are going to take a look at where Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) stands against the other AI stocks.
AI is rapidly making its way into our lives, from the recent introduction of DeepSeek courses in Chinese universities to intelligent robots patrolling public places in the US for enhanced safety.
While there are countless benefits of using AI across global industries around productivity, efficiency, and adaptability, concerns about the misuse of the evolving technology continue to grow in tandem. The dual-use potential of AI has led to increased scrutiny of the technology, especially in Europe, which experts believe is imposing stringent regulations even if it means slow development across the region.
Former Google CEO Eric Schmidt warned that AI misuse poses an “extreme risk” and could do catastrophic harm because the technology could be weaponized by “rogue states” to negatively impact innocent people.
“The real fears that I have are not the ones that most people talk about AI. I talk about extreme risk…Think about North Korea, or Iran, or even Russia, who have some evil goal… they could misuse it and do real harm,” Schmidt cautioned. “My experience with the tech leaders is that they do have an understanding of the impact they’re having, but they might make a different values judgement than the government would make.”
Weaponization could range from deepfakes to autonomous weapons, which Schmidt believes can be prevented with a balanced approach that fosters innovation through appropriate regulations.
We selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s database of 900 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 cutting-edge electric vehicle being charged in a city street as the sun sets.
Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE)
Number of Hedge Fund Followers: 7
Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) leverages AI and a proprietary variable platform architecture to develop, manufacture, and sell “TechLuxury” electric vehicles. The company is also involved in designing autonomous driving and intelligence systems within its intelligent mobility ecosystem.
On February 21st, Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) stated that its FF China subsidiary shipped two FX 6 camouflaged prototype mules to customs, marking progress in their journey to the company’s Los Angeles headquarters. The FX 6 is a part of the company’s strategy to offer Advanced Intelligent Electric Vehicles (AIEVs) to a mass-market audience. The two prototypes will be subjected to further testing and validation aimed at enhancing ADAS, powertrain, intelligent cabin and user experience.
Overall FFIE ranks 6th on our list of the AI stocks investors should not miss. While we acknowledge the potential of FFIE 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 FFIE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.
Disclosure: None. This article is originally published at Insider Monkey.
