Big Tech Researchers Depart to Launch AI Startups
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy GOOGL?
Source: Newsfilter
- Surge of Startups: Numerous top researchers from Google and Meta are leaving to establish their own AI startups, rapidly raising hundreds of millions in funding, reflecting strong investor confidence in the commercial potential of emerging AI labs.
- Record Funding: Former Google DeepMind researcher David Silver announced a record $1.1 billion seed round for his startup Ineffable Intelligence, indicating a pressing market demand and enthusiasm for innovative AI solutions.
- Intensifying Competition: As competition among AI labs heats up, many emerging companies like Recursive Intelligence and Periodic Labs have raised hundreds of millions within months, showcasing a strong market demand for novel AI architectures and technologies.
- Opportunity for Technological Transformation: AMI Labs and other startups are developing AI systems that learn from real-time data, aiming to fill the exploratory research gaps left by large AI labs, thus driving the industry towards more efficient AI applications.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to rise
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 344.400
Low
305.00
Averages
374.25
High
400.00
Current: 344.400
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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