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May 17, 2023

Alphabet Adds $115 Billion in Value After Defying AI Doubters

Posted by in category: robotics/AI

Dont like google, but also dont want to see Micros. corner market in AI and become some monopoly, which is what AI Licenses is all about.


(Bloomberg) — Alphabet Inc. is back in the game. The artificial intelligence game, that is. Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt Deadlock Spurs Late-Day Slide in US Stocks: Markets WrapGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesBiden, McCarthy Voice Cautious Optimism on Debt Deal After TalksGoldman Banker Wins Promotion, Then Leaves for Rival Two Weeks LaterShares in the Google-owner had lagged behind other megacaps this year amid fears it was losing ground in the race to deploy AI products. Yet since it unveiled its latest AI tools at a developer’s conference last week, the stock has advanced 12%, adding $160 billion in market value and erasing its underperformance against peers like Apple Inc. and Microsoft Corp.

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