"has been the odd one out in the Magnificent Seven for a while. The stock didn't make parabolic gains, whereas most other AI stocks were on a rally that was truly deserving of the "Magnificent" title. And that's to be expected for a company that just had a botched AI release (Bard) and its search engine was poised to be replaced by ChatGPT."
"All that is old news today, and Google is increasingly looking like the company that is spearheading the AI space instead. It has top-of-the-line AI models when it comes to text, video, and audio. Google is still behind in certain areas, but it's undeniable that it has leapt beyond most of its competitors, even though they had a head start."
"And this is a great arrangement for more users. For quick and reliable searches, there's no alternative to Google. Navigating to an AI website and waiting for it to answer your query will never be as intuitive for the vast majority of searches. When things do get complicated, an AI model is of use."
Google was previously the odd one out among top AI stocks due to a botched Bard release and slower stock gains. Anticipated displacement of Google's search engine by ChatGPT did not occur as Google continued improving and competitors' integrations saw declining traffic. Google now leads with advanced text, video, and audio models while still trailing in some areas. Most users face switching costs because Google controls the browser search bar, making conventional searches faster and more intuitive than navigating to standalone AI sites. Google is expanding into hardware, selling large numbers of Tensor Processing Units (TPUs) to companies like Anthropic.
Read at 24/7 Wall St.
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