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We recently published a list of 10 AI Stocks Making Waves on Wall Street. In this article, we are going to take a look at where Amazon.com Inc (NASDAQ:AMZN) stands against other AI stocks making waves on Wall Street.
With so much happening in AI, keeping up with the latest news can be challenging. Every day, a new country emerges with its plans to embrace and advance in AI, tech companies keep unveiling new AI products, and industry leaders continue to shape the conservation-sometimes even with sharp exchanges.
READ NOW: 10 AI Stocks Analysts Are Watching: Latest Ratings and News and Top 14 AI Stocks on Wall Street: News and Analyst Ratings
In the latest news, South Korea has announced plans to secure 10,000 high-performance graphics processing units (GPUs) this year. The country plans to keep itself relevant in the race toward artificial intelligence.
“As competition for dominance in the AI industry intensifies, the competitive landscape is shifting from battles between companies to a full-scale rivalry between national innovation ecosystems”.
These 10,000 GPUs will be secured through public-private cooperation to help the country launch services at its national AI computing center early. While the US government has recently announced a new regulation that aims to restrict the flow of American AI chips and technology to certain countries, South Korea doesn’t fall into the restricted list.
The details of the type of GPU products to be purchased by South Korea, its models, and other particulars will be finalized by September of this year. The US regulation has essentially divided the world into two tiers. 18 countries are essentially exempt from the restrictions, while 120 face caps, and countries such as Iran, China, and Russia are barred completely.
In other news, tech mogul Elon Musk has released its latest artificial intelligence model, Grok 3. According to Musk, the AI model can outperform offerings from OpenAI and China’s DeepSeek based on early testing. This testing included standardized tests on math, science, and coding.
“We’re very excited to present Grok 3, which is, we think, an order of magnitude more capable than Grok 2 in a very short period of time”.
Musk’s team also said it was launching a new product called “Deep Search”, set to act as a “next generation search engine.”
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.