2024-02-04 10:15:00 ET
Summary
- In 2023 Alphabet was a top contributor to our portfolio.
- AI features have helped drive the rapid growth of Alphabet’s Google franchise.
- When it comes to AI, Alphabet has been one of the most aggressive investors and innovators.
The following segment was excerpted from this fund letter.
Alphabet ( GOOG , GOOGL )
Artificial Intelligence
More recently, "AI" has risen to the top of investor interests. We think it is important to point out that AI and machine learning development is not a particularly new phenomenon and has been going on for decades, as we have witnessed from the companies in Wedgewood's portfolio. Not only have our companies been investing and developing key AI technologies, but they have - most importantly - been monetizing these investments and will continue to do so for the foreseeable future....
Read the full article on Seeking Alpha
For further details see:
Wedgewood Partners - Alphabet: One Of AI's Most Aggressive Investors And Innovators