TikTok and Foxconn: AI Technology on the Rise

AI trends are making their impact felt worldwide, revolutionizing established business areas. TikTok, the well-known social media giant owned by the Chinese company ByteDance, recently announced the launch of Symphony Creative Studios. This generative AI video platform is now available to all advertisers and is expected to significantly boost ByteDance's advertising business. According to a report by the Reuters news agency, the new platform includes AI features such as converting text inputs into videos, preview generation, content editing, remixing, creating digital avatars, and translations. Meanwhile, Foxconn, the Taiwanese electronics giant, anticipates strong growth in its AI server business next year. Amid growing trade tensions between the US and China, Foxconn plans to increase its investments in several countries. Chairman Young Liu stated they would closely monitor US policies under Donald Trump. He praised the stable sales figures of Foxconn’s plants in Wisconsin and Texas, benefiting from high demand for AI servers, and expressed optimism for business development in the US. Hedge funds, meanwhile, are betting on specific AI stocks to outperform the market. An analysis shows that investors could profit from mimicking the top stock selections of well-grounded hedge funds. A newsletter indicates that a strategy of selecting 14 small-cap and large-cap stocks per quarter since 2014 generated an impressive 275% return, surpassing its benchmark by 150 percentage points. A stock image shows a customer entering an internet specialty store, highlighting the convenience of online shopping.