Tech giant (NASDAQ: GOOG) (NASDAQ: GOOGL) dominates the search market with its Google search engine and is a powerhouse in streaming video with YouTube. In addition, its cloud division has carved out a solid third-place position in the cloud computing infrastructure market, recently becoming profitable. And the company is also investing in several "moonshot" projects, such as Waymo self-driving cars, which it groups into a segment called "other bets."

In short, Alphabet is a great business. Yet while the release of OpenAI's ChatGPT last year brought up competitive concerns, I would actually lean more toward Alphabet being in a stronger position a few years rather than a weaker one. 

That's because of three innovations we already know are in its pipeline, not to mention others we might not even know about yet.

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Source Fool.com