10 AI News You Shouldn’t Miss

5. Alphabet Inc. (NASDAQ:GOOG)

Number of Hedge Fund Holders: 165

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. Latest reports reveal that social platform Snapchat has expanded an existing partnership with Google Cloud to include generative AI features offered by the latter into the My AI chatbot offered by the former. According to the report, the chatbot will leverage the multimodal capabilities of Gemini AI by Google to enable the chatbot to understand different types of information, like text, audio, images, and videos. Snap has used ChatGPT by OpenAI, backed by Microsoft, for the My AI chatbot, but is now transitioning to the Google model in a bid to allow the chatbot also to process images and videos. Google claims that since the Snapchat integration, the chatbot saw over 2.5x as much engagement within the US.