We recently published a list of 10 AI Stocks on Wall Street’s Radar Right Now. In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOGL) stands against other AI stocks on Wall Street’s radar right now.
According to a state media report, China’s President Xi Jinping has pledged “self-reliance and self-strengthening” to develop artificial intelligence in China. The country is eagerly competing with the United States for supremacy in the AI arms race. Xi has stressed that China should be leveraging its “new whole national system” to push forward with the development of AI.
“We must recognise the gaps and redouble our efforts to comprehensively advance technological innovation, industrial development, and AI-empowered applications.”
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With the emergence of DeepSeek and other artificial intelligence models that have followed, many experts are of the belief that China has already covered much of the AI development gap it had with the United States.
“We must continue to strengthen basic research, concentrate our efforts on mastering core technologies such as high-end chips and basic software, and build an independent, controllable, and collaborative artificial intelligence basic software and hardware system.”
Xi is also of the belief that AI shouldn’t be a “game of rich countries and the wealthy. Rather, he believes in more international governance and cooperation on AI.
In his recent visit to Shanghai, he underscored China’s leading role in the “Global South,” calling for more innovation, support for AI startups, and stronger global influence in technology. He also urged the city to expand its exploration of AI models and noted that more supportive policies for the technology should be rolled out.
Visiting the Shanghai-based New Development Bank, a multilateral lender of BRICS member nations, he affirmed how China is ready to strengthen project cooperation with the bank and share development experience with other member countries. The visit underscores Xi’s commitment to positioning China as the leader of the Global South.
“China wants to offer an alternative to the world against the U.S.-dominant global order.”
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds. The hedge fund data is as of Q4 2024.
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