Motley Fool Money Ok, Cloud
Apr 9, 2024
Asit Sharma, an analyst at Motley Fool, shares insights on Alphabet's exciting AI developments, highlighting their ambitious project, Gemini, designed to compete with Microsoft and OpenAI. He discusses the positive market reactions to Alphabet's advancements and emphasizes the importance of effective outreach. The conversation also touches on Blackstone's strategic acquisitions, including Air Communities and Jersey Mike's, showcasing their focus on brands with customer loyalty amidst the current economic climate.
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Alphabet's AI Narrative Shift
- The narrative around Alphabet has shifted from lagging in AI to being a strong contender.
- This shift is driven by recognition of Alphabet's deep expertise and new product releases.
Alphabet's AI Expertise
- Alphabet possesses significant expertise in machine learning and generative AI.
- They played a key role in advancing AI, even if other companies brought consumer-facing models to market first.
Google's Cloud Business
- Google's primary business remains search, with cloud computing around 11%.
- They compete with Amazon and Microsoft in the cloud space.