Navigating the Tension between AI Innovation and Threats to its Search Monopoly!
Google is heavily investing in AI innovations but must simultaneously defend its lucrative search business, which is threatened by alternative AI portals!
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I currently consider Alphabet (i) to be at a critical turning point. The recent AI announcements at the developer conference – including the "AI Mode" for the search engine and the premium subscription "AI Ultra" for $250 monthly – impressively demonstrate how Google aims to maintain its technological leadership. However, despite impressive innovations and 1.5 billion monthly users for "AI Overviews," Wall Street remains skeptical. The reason: For the first time in decades, Google faces serious competition from ChatGPT and other AI portals....
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