Top 9 AI News Updates Investors Probably Missed

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1. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 107

Alibaba Group Holding Limited (NYSE:BABA) is a Chinese internet giant with interests in many sectors, including ecommerce, cloud computing and AI. On March 24, CNBC reported that the internet giant’s affiliate, Ant Group, is using US and Chinese-made semiconductors to build more efficient artificial intelligence models.

The combination is part of the unit’s push to reduce the time and costs of training AI models. While it has used chips from Alibaba and Huawei to train the AI models, it has also used chips from Advanced Micro Devices and other Chinese companies.

The reports come on the heels of Ant Group’s significant upgrades to its AI solutions for healthcare. Built on DeepSeek’s R1 model, Alibaba Qwen, and Ant’s own BaiLing, the upgraded healthcare AI model can now provide answers on medical topics while improving patient services.

While we acknowledge the potential of Alibaba Group Holding Limited (NYSE:BABA) 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 time frame. If you are looking for an AI stock that is more promising than BABA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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