10 AI Stocks Investors Are Watching Today

2. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 234

Alphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. The company kicked off its annual developer conference on Tuesday, May 20, unveiling a series of announcements that highlight its huge investment in artificial intelligence. The I/O conference in Mountain View, California, has just teased a $249.99-a-month subscription for its AI power users, seemingly its latest effort to battle growing competition from startups like OpenAI.

The new subscription service will offer exclusive access to the company’s most “cutting-edge” AI products. Known as the “Google AI Ultra,” this plan includes the highest usage limits and access to its latest AI models and premium features, along with early access features to experimental products and even a YouTube Premium subscription.

“It’s for the trailblazers, the pioneers, those of you who want cutting-edge AI from Google. You can think of this Ultra plan as your VIP pass for Google AI.”

-Josh Woodward, head of product incubator Google Labs and the Gemini app, said at the event.

Some other advancements showcasing AI include personalized replies in Gmail and an update to the Google Meet video conferencing software.