. Discover how Alphabet Inc., the holding company behind Google and other large technology companies, is competing with OpenAI's ChatGPT and other rivals as they vie for the search engine market share. Learn why Alphabet's stocks have dipped in recent weeks and the potential risks the company faces due to competitors. Analysts have expressed serious concerns, but Alphabet Inc. still has the upper hand due to its low PE ratio and 10-year price average.
Alphabet Inc. is one of the world’s foremost technology companies and a leader in AI innovation. CEO Sundar Pichai has worked to expand the tech giant’s capabilities with AI, including the launch of OpenAI ChatGPT which has investors worried about the risk to their market control. Nevertheless, Alphabet remains one of the cheapest of the major tech stocks and analysts remain confident of the company’s future prospects despite potential competition from the likes of Microsoft.
Alphabet Inc., the parent company of Google, has been a daunting figure in the online search market domination. Recently, OpenAI's ChatGPT has become increasingly successful, leading investors to worry. Despite Alphabet's stocks rising 20% this year, dips have been seen due to questions about Google's accuracy and when Samsung tossed around the idea of using Microsoft's Bing engine instead. Statista data reveals just how much Alphabet owns the market with 85%, and Alphabet gets the majority of their revenue from it - 57%. Is Alphabet equipped to handle their competitors? Many analysts remain optimistic due to their low stock valuation and ability to handle headwinds.
This article reflects upon the growing use of OpenAI's ChatGPT and how it has caused Alphabet Inc's stock shares to increase by 20% this year. It also looks at the fall in stock performance due to increased competition from Microsoft's Bing search engine. Statista data also shows Google's worldwide market share in internet search is well ahead of its competitors. Find out more about Alphabet Inc's struggles and successes as they battle for increasing market share.
. Google is ramping up its artificial intelligence research capabilities by merging its two in-house teams - DeepMind and Google Brain - to create Google DeepMind. Spearheaded by Alphabet CEO Sundar Pichai, this move is meant to help Google catch up in the race of AI and develop powerful AI models. Google Brain has created the Transformer architecture and DeepMind has built the TensorFlow toolkit and AlphaFold protein-structure predictor. Expectations are that the combined team will bring out groundbreaking AI models and decision. Sundar Pichai has been honored for his expertise in product management and engineering.
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