Google to beef up search with AI, setting stage for showdown with Bing
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Deeper-than-expected AI integration 'speaks to higher incremental cost risk' for Google - Morgan Stanley
February 9, 2023 9:21 AM ESTOn Tuesday, Alphabet (NASDAQ: GOOGL) owned Google unveiled its new AI search assistant, Bard, a rival to OpenAI's ChatGPT.
The company said it will begin rolling out Bard in the coming weeks, opening it up to "trusted testers" before making it more widely available to the public.
It is powered by Google's LaMDA, or Language Model for Dialogue Applications.
Reacting to Google's new AI chatbot,... More
Evercore ISI Defending Alphabet (GOOGL), Says 'GOOG’s AI technology is at least as good as the competition'
February 8, 2023 1:29 PM ESTEvercore ISI analyst Mark Mahaney reiterated an Outperform rating and $125.00 price target on Alphabet (NASDAQ: GOOGL).
The analyst comments "Google hosted a Google Presents event this morning focused on new AI-powered services across some of its key consumer products primarily Search & Map, with a muchanticipated (though lightly-teased) answer to ChatGPT Bard.... More
Atlantic Equities on Alphabet (GOOGL) Following Microsoft (MSFT) AI Bard: 'potentially impact profitability in the search market'
February 8, 2023 11:33 AM ESTAtlantic Equities analyst James Cordwell reiterated an Overweight rating and $115.00 price target on Alphabet (NASDAQ: GOOGL).
The analyst comments "...the launch does intensify competition and potentially impact profitability in the search market, with this development thus more of a negative for... More
Google's AI chatbot Bard gives wrong information in ad
February 8, 2023 10:47 AM ESTDuring a demonstration at a launch event this week, Alphabet's (NASDAQ: GOOGL) new AI-powered chatbot Bard is said to have made an error when answering a question.
The AI search assistant, a rival to OpenAI's ChatGPT, was unveiled on... More
