Google‘s parent company, Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), is making significant strides in artificial intelligence, according to a top analyst.
What Happened: Gene Munster, a tech analyst at Deepwater Asset Management, shared his insights on Google’s I/O 2024 keynote in a recent post on X. Munster highlighted three key takeaways from the event.
Firstly, Munster noted that Google is approximately six months behind OpenAI in terms of AI development, but is still about five years ahead of the rest of the industry. He observed that Google’s AI progress is evident in its generative and agentic AI technologies.
He wrote, “They’re about 6 months behind OpenAI and about 5 years ahead of everyone else.”
Secondly, Munster pointed out that ...