AI News You Should Not Have Missed

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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. There are very few tech stocks who have diversified in the manner that Alphabet has over the past few years. AI-related capital expenditures are another demonstration of this fact. The strong advertising and cloud business of the firm drive stable growth, while investments in the latest technology help the firm maintain a market-leading position in the tech world. The stock has returned handsomely, growing by more than 380% over the past decade. This represents a compound annual growth rate of over 19%.

Alphabet Inc. (NASDAQ:GOOG) is aggressively marketing Gemini, the virtual assistant powered by advanced AI features. New updates were recently released for this. Per Google, the new features allow users to customize Gemini to create personal AI experts on any topic. The firm, which offers advanced, business, and enterprise features for Gemini, is planning to launch the assistant in new languages as well.

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