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 Pony AI Inc. (NASDAQ:PONY) 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 closeup of a self-driving hardware unit inside the dashboard of a passenger vehicle.
Pony AI Inc. (NASDAQ:PONY)
Number of Hedge Fund Followers: 20
Pony AI Inc. (NASDAQ:PONY) leverages its full-stack, vehicle-agnostic Virtual Driver technology combined with its proprietary software and hardware offerings to sustainably drive large-scale commercialization of autonomous mobility for diverse transportation use cases.
On February 21st, Pony AI Inc. (NASDAQ:PONY) announced that it became the first company to launch paid robotaxi services between China’s high-demand routes: the Guangzhou city center, Guangzhou Baiyun International Airport, and the Guangzhou South Railway Station. The development is expected to benefit residents and tourists with efficient autonomous travel options and fares similar to the city’s standard taxi rates.
“Our latest expansion in Guangzhou marks another major step in making autonomous mobility a part of everyday life. By offering autonomous rides from the heart of the city to key transit hubs, we’re providing practical, real-world services which meet the needs of travellers and city residents alike, solidifying Pony.ai’s status as a global leader in the large-scale commercialization of autonomous mobility.”
-said Dr. James Peng, co-founder and CEO of Pony AI Inc.
Overall PONY ranks 3rd on our list of the AI stocks investors should not miss. While we acknowledge the potential of PONY 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 PONY 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.
