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Alphabet Inc. (GOOGL) Looking for the Next SpaceX in AI [Yahoo! Finance]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
The stock carries a consensus Strong Buy rating, and its $377.90 average price target reflects a nearly 20% upside potential. Alphabet Inc (GOOGL) Looking for the Next SpaceX in AI Pixabay/Public Domain AI is shaping up to be a huge economic opportunity. According to a UN report, the global AI market will grow from $189 billion in 2023 to $4.8 trillion by 2033. Alphabet's Google unit is seeking its fair share of AI dollars with a wide net. Among other moves, Google is investing in AI startups and offering AI-powered services. Moreover, the company has an opportunity in the AI chips business. In a conversation with Stripe co-founder John Collison shared on April 7, Google CEO Sundar Pichai said AI is opening up more opportunities to invest in startups. OpenAI rival Anthropic is among the AI startups in which Google has invested. Google has been an early investor in SpaceX. On April 3, Google and EXL announced a strategic partnership focused on AI-driven cloud solutions. EXL
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