TECH - How Google's Early Bet On AI Has Catapulted The Stock To Record Highs And A 24% Rise For 2024 | Benzinga
- Google has been an early adopter of AI technology, integrating it into core products such as Google Docs, Gmail, and its advertising platforms, which are significant sources of revenue.
- At the Google I/O developer conference, CEO Sundar Pichai emphasized the critical role of AI by introducing AI-generated answers in Google's search engine.
- Google's stock recently broke through major resistance, indicating the start of another long-term bullish trend.
Long before AI chatbots like ChatGPT gained public attention, Alphabet Inc Class A (NASDAQ: GOOGL) was already using AI in key areas like Google Docs, Gmail, and its advertising platforms, which are major revenue sources.
Their early adoption highlights their leadership in AI. At the Google I/O ...