A recent surge in attention towards
Alphabet Inc. (NASDAQ:
GOOG) from sectors of the investment community seems to be driven by a combination of company advancements and increased marketplace volatility. Despite bearish comments and stock sell-offs by entities such as Mizuho Securities USA LLC and Kentucky Retirement Systems, counter stake increases were initiated by Heritage Investment Group and Seelaus Asset Management. On the technological frontier, Alphabet has launched
AI Call Protection features for Android to battle scams. A controversial decision to develop its internal AI benchmarks drew criticism over transparency and consumer assessment. Meanwhile, GOOG stock's performance has been overshadowed by challenges in
Gemini AI Development as Alphabet failed to reach financial viability goals with its AI-powered Tensor processors. Alphabet, nevertheless, continues to invest and innovate in the AI sector with a $5.6 billion funding round for
Waymo and has sold a majority of its stake in Snowflake to reportedly invest in an AI stock. There has been a notable resignation, with Google News VP Shailesh Prakash stepping down amid controversies. Despite the mixed news, Alphabet's Q3 performance was marked by a 15% revenue growth, exceeding expectations.
Alphabet GOOG News Analytics from Wed, 23 Oct 2024 07:00:00 GMT to Sat, 16 Nov 2024 23:54:20 GMT -
Rating -2
- Innovation 6
- Information 9
- Rumor 4
