10 AI News Investors Should Not Miss

5. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 165

Alphabet Inc. (NASDAQ:GOOG) is a multinational technology company that wholly owns the internet giant Google, along with other businesses. Google, its subsidiary, has been leveraging artificial intelligence technology for years, from building AI infrastructure to embedding its Gemini AI model tools and chatbot AI technology into its search engine, and much more.

On Thursday, October 31, Alphabet Inc. (NASDAQ:GOOG)’s Google announced a set of features incorporating Gemini, its artificial intelligence chatbot, into its suite of mapping applications. The new category of search results is better able to process open-ended queries, whereas the past version of Googe Maps could only respond to queries with generic results, which were not as accurate. According to Miriam Daniel, vice president in charge of consumer experiences for Google Maps, Gemini is better able to understand context such as time of day, or season. To avoid hallucinations in its responses, the responses from Gemini will be cross-referenced against real-world data that Google has collected.