Alphabet Emerges as the Top Contender in the AI Revolution, Backed by Goldman Sachs
Alphabet dominates the internet
There's no question that ChatGPT has piqued the interest of AI enthusiasts, corporate workplaces, and even students. Over the past year or so, one knock against Alphabet was that ChatGPT would pose a threat to traditional search habits. However, even in the face of rising competition, Google and YouTube remain the two most visited websites in the world, each receiving north of 100 billion site visits on a monthly basis.
Why is Alphabet's data so important?
The website traffic that Alphabet generates provides the company with more data points than any other competitor. Hedge fund manager and Alphabet investor Bill Ackman cited Alphabet's 'substantial distribution moat' as a unique feature for the company to sustain its lead in the AI realm. Alphabet's abundant data facilitates the development and release of generative AI applications, making it stand out among its peers.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.