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We recently published a list of 10 AI Stocks Making Big Moves Today. In this article, we are going to take a look at where CrowdStrike Holdings, Inc. (NASDAQ:CRWD) stands against other AI stocks making big moves today.
What is the biggest security risk in artificial intelligence? According to CPPCC member Zhou Hongyi, co-founder and chairman of internet security firm Qihoo 360, it is to fall behind.
The Chinese People’s Political Consultative Conference (CPPCC) is a political advisory body in China and a key component of the Chinese Communist Party (CCP)’s united front system.
Unlike former President Joe Biden’s stance on AI, which was supportive but cautious, current AI leaders, including President Donald Trump, and political advisors in Beijing, are against overregulation in the AI industry.
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The Trump administration has since reversed Biden’s AI executive order and launched the Stargate project, reflecting on his pro-innovation stance instead. Likewise, Beijing’s political advisors have made remarks ahead of the country’s annual parliamentary meetings, advising against overregulating artificial intelligence companies amid a growing debate about the emerging technology.
“We should neither exaggerate nor ignore security issues related to AI. Some leading AI companies in the US exaggerate the security issues of AI as an excuse for not having open-sourced products as they seek a monopoly, so the latecomers cannot catch up.”
Zhou cautioned that China must “correctly understand” the security risks in AI.
“Falling behind in [AI] development is the biggest security risk. We must seize this opportunity of AI to improve productivity and let everyone benefit from the fruits of the inclusiveness of science and technology”.
Zhang Yi, a senior partner at King & Wood Mallesons and CPPCC member, advised that China needs to develop its own AI rules to ensure stable development but at the same time, needs to be aware that “overly strong legal intervention might become a rope that strangles the development of AI as global competition intensifies”.
In a race towards supremacy in artificial intelligence, Beijing is working hard and has signaled that it will act cautiously on regulation of the sector. According to the Ministry of Science and Technology, legislation on artificial intelligence is going to be rolled out in an “orderly” way in response to proposals from the CPPCC.
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.