Top 10 Must-See AI News Updates for Investors

4. Baidu, Inc. (NASDAQ:BIDU)

Number of Hedge Fund Holders: 54

Baidu, Inc. (NASDAQ:BIDU) is an internet giant best known for operating the largest search engine in China. While the company also offers online marketing and cloud services, it also offers services from artificial intelligence initiatives. It was one of the first companies to launch AI products following OpenAI’s ChatGPT launch in 2022 and has already released its own large language model, Ernie, that matches GPT-4’s capabilities.

Amid the flurry of investment and scare triggered by DeepSeek, Baidu, Inc.’s (NASDAQ:BIDU) CEO Robin Li reiterated on February 11th that more investment in data centers and cloud infrastructure is needed. While DeepSeek has shown it is possible to come up with cost-efficient large AI models, Li insists investments are needed to support the AI boom: “The investment in cloud infrastructure is still very much required. In order to come up with models that are smarter than everyone else, you have to use more computing,” Li told attendees at the World Government Summit in Dubai. The remarks come amid soaring questions on the necessity of spending billions of dollars on AI infrastructure.