15 AI News You Missed This Week

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3. Alphabet Inc. (NASDAQ:GOOG)

Market Capitalization: $2.2 Trillion

Alphabet Inc. (NASDAQ:GOOG) is a California-based technology company that owns and runs the internet search engine Google. As the race for AI supremacy heats up, tech firms are increasingly reliant on investments in startups that look set for multi-billion IPOs and subscription-based revenue models that are likely to pay dividends in the long term. Alphabet Inc. recently took part in a funding round for Waymo, a software firm working on AI-powered autonomous driving. The funding round raised over $5.6 billion for the software company, valuing the startup at more than $45 billion.

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