11 AI News That You Should Not Miss

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1. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 202

Alphabet Inc. (NASDAQ:GOOGL) offers AI-driven solutions across various platforms. The company’s AI technologies support cloud services, enterprise collaboration tools, and consumer products. It also invests in AI research.

On December 16, Alphabet’s (NASDAQ:GOOGL) AI research lab, DeepMind, unveiled its latest advancements in AI generation with the introduction of Veo 2 and an updated Imagen 3 model. The company released the video generation model, Veo, earlier in 2024.

Veo 2 is a cutting-edge video generation model, that delivers high-quality videos with improved realism, improved physics, and cinematic understanding, including customizable features like camera angles, lenses, and effects. It supports 4K resolution and longer video durations. Veo 2 is now integrated into VideoFX and Google Labs, with plans for expansion to YouTube Shorts. Safety measures, including SynthID watermarks, ensure outputs are identifiable as AI-generated.

Imagen 3 improves image generation by producing brighter, more detailed visuals across diverse art styles, from photorealism to abstract. It offers greater prompt accuracy and global availability in over 100 countries through ImageFX. Additionally, Google introduced Whisk, a tool that uses Imagen 3 and Gemini to remix and create unique visuals based on user-provided images.

While we acknowledge the potential of Alphabet Inc. (NASDAQ:GOOGL) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than GOOGL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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