Is Alphabet Winning the AI Race? I Think So – and I Have Opened a Leveraged-3 Position.
I consider the Google I/O conference as a pivotal point.
Alphabet is tapping into a new (significant) revenue stream beyond the advertising business.
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Among tech companies, a race for AI dominance has emerged. When ChatGPT was released two and a half years ago, I posited that the leading artificial intelligence would come from Google. Why? Because Google has digitized nearly all books and scientific papers available worldwide. Additionally, Google has the most extensive databases regarding internet content. This is a perfect treasure trove of data to train an artificial intelligence. The AI can essentially be fed with the knowledge of the world. On Tuesday, Alphabet unveiled new AI products...
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