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CNBC Daily Open: Falling behind in AI is still good for Google [CNBC]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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OpenAI hires xAI's former CFO Mike Liberatore. The S&P 500 closes above 6,600 for the first time as Japan's Nikkei 225 broke the 45,000 level. [PRO] A rate cut might not be unambiguously good for stocks. In this article Taken from CNBC's Daily Open, our international markets newsletter — Subscribe today Congratulations are due to Alphabet for joining the $3 trillion valuation club, to which only Apple Microsoft and Nvidia have memberships. The Google parent has artificial intelligence —what else? — to thank for its inclusion in that rarefied space. Ironically, it isn't because Google's AI offerings have been blowing investors away. (I heard Gemini can teach me how to take better photos on Google's Pixel smartphone.) It's the fact that Google has been falling behind AI companies such as OpenAI and Perplexity — which allowed it to escape divesting its Chrome browser in a recent antitrust ruling — that gave its shares a nice bump this month If AI isn't having the desired e
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