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We recently compiled a list of the 10 AI Stocks Trending On Wall Street Right Now. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against the other AI stocks.
Determined to lead the AI frontier, China is deploying every resource at its disposal and mobilizing every tool in its arsenal. In the latest news, Reuters has reported how the country is now planning to expand its undergraduate enrollments to prioritize what it called "national strategic needs" and develop talent in areas such as artificial intelligence (AI).
Several of China’s top public universities have announced these plans of expansion following the launch of artificial intelligence courses in February. The country recently experienced a “Sputnik moment” after an AI startup from within the country, DeepSeek, launched a cheaper and more efficient AI model which it claimed outperforms its Western counterparts.
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According to analysts, DeepSeek's success is largely backed by researchers from elite domestic universities. This fact reflects how Beijing's investment in building a large homegrown STEM talent pool and recent U.S. restrictions on Chinese student visas have enabled the country to catch up on the AI race.
“Scientific and technological innovation has contributed to China’s economic growth, with investment in high-tech industries increasing by 11.1 percent year-on-year from January to October 2022”.
Innovation has also opened up new areas for China’s economic development, such as renewable energy vehicles, lithium batteries, and photovoltaic products. The country’s scientific and technological innovations have helped it garner global attention, and it looks like it is neck to neck in competition with its competitor, the United States.
Noting the country’s need for further advancement, Peking University recently said it would add 150 undergraduate spots in 2025, focusing on areas of "national strategic importance", fundamental disciplines and "emerging frontier fields". Meanwhile, Renmin University said it would add more than 100 places in areas such as AI to improve innovation.
Shanghai Jiao Tong University will also be adding 150 spots concentrating on "cutting-edge technologies" and emerging industries "urgently needed", in AI, integrated circuits, biomedicine, healthcare and new energy.