35 AI Superstars According to Goldman Sachs

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6. 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. Waymo, the autonomous driving technology company led by Google, recently announced that it had entered into a deal with carmaker Hyundai to get the IONIQ 5 EV, developed by the latter, as part of the Waymo robotaxi fleet. In the first phase of the deal, the two companies will integrate the sixth-generation fully autonomous technology, named the Waymo Driver, into the IONIQ 5 SUV, which will be added to the Waymo One fleet. The report predicts that the initial on-road testing with Waymo-enabled IONIQ 5s will start before the end of next year. The Hyundai SUV will be manufactured in the US.

Latest reports, published by news platform TechCrunch, indicate that Alphabet Inc. (NASDAQ:GOOG) intends to start showing ads in AI Overviews, the AI-generated summaries it presents for certain Search prompts, and will also add links to relevant web pages or some of those summaries. Per the reports, the company is also launching AI-organized search results pages in the US this week.

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