20 AI News That Broke The Internet This Month

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6. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 165

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. Latest reports reveal that social platform Snapchat has expanded an existing partnership with Google Cloud to include generative AI features offered by the latter into the My AI chatbot offered by the former. Snap has used ChatGPT by OpenAI, backed by Microsoft, for the My AI chatbot, but is now transitioning to the Google model. Wedbush analysts, led by Scott Devitt, talked about Google Cloud in a recent investor note, detailing that Google was well positioned to drive adoption of generative AI tools given its AI-optimized compute infrastructure supported by custom silicon, and unmatched breadth of data to develop and train AI models across text, images, and video.

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