Alphabet Just Said "Checkmate" to Microsoft, but Here's Why Investors Could Be the Real Winners
Financial headlines about artificial intelligence (AI) dominated 2023, with the "Magnificent Seven" stocks of Microsoft, Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), Apple, Tesla, Meta Platforms, Amazon, and Nvidia garnering most of the attention.
Microsoft kicked off the AI arms race following a $10 billion investment in OpenAI, the developer of ChatGPT. Not long after, Alphabet debuted its own large language model (LLM) called Bard. Let's just say the initial reaction from Bard was underwhelming, given the chatbot didn't exactly provide accurate answers to basic questions during its public unveiling.
Nevertheless, as ChatGPT continued to gain momentum in the public eye, Alphabet doubled down and kept working. Earlier this month, Alphabet unveiled its latest installment in generative AI, called Gemini.
Source Fool.com
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