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Alphabet Adds $115 Billion in Value After Defying AI Doubters

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.