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We recently published a list of Top 8 AI News Updates Driving Markets Today. In this article, we are going to take a look at where Global Mofy AI Limited (NASDAQ:GMM) stands against other top AI news updates driving markets today.
The AI race switched gears after Chinese AI startup DeepSeek announced on March 25th that it released a major upgrade to its V3 LLM, intensifying competition with US rivals like OpenAI and Anthropic.
The new model, DeepSeek-V3-0324, is available through the AI development platform Hugging Face as part of the company’s latest efforts to position itself as a leader in the global AI market. DeepSeek claims that the upgrade brings major improvements in reasoning and coding capabilities.
The development comes a day after OpenAI released updates for the Advanced Voice Mode AI feature, which allows for real-time conversation in ChatGPT.
“An OpenAI spokesperson said its new AI voice assistant for paying users is “more direct, engaging, concise, specific, and creative in its answers.”
Elsewhere, fintech Ant Group, backed by Jack Ma, claimed that it was able to develop methods using Chinese chips that trim AI training costs by 20%. This update could hint that Chinese AI developers might be able to gradually reduce reliance on top AI chips manufactured in the US.
We selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s Q4 2024 database of over 1000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
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Global Mofy AI Limited (NASDAQ:GMM)
Number of Hedge Fund Holders: 7
Global Mofy AI Limited (NASDAQ:GMM) is a GenAI-driven technology solutions provider involved in virtual content production and digital asset development for the digital content sector. The company leverages its proprietary “Mofy Lab” tech platform, comprising interactive 3D and AI technology, to develop high-definition virtual versions of physical world objects in 3D for different applications, including gaming, movies, AR/VR, animation, and advertising.