What's Going On With Google Parent Alphabet Stock Thursday?
Portfolio Pulse from Anusuya Lahiri
Google, a subsidiary of Alphabet Inc, is launching its artificial intelligence chatbot, Bard, in Europe and Brazil. This marks a significant expansion of the product since its February launch and puts it in competition with Microsoft-backed rival ChatGPT. Google has added new features to Bard, which are available worldwide. Despite initial opposition from local privacy regulators in the EU, Google has reassured them on transparency and other issues, allowing users to opt out of data collection.
July 13, 2023 | 11:14 am
News sentiment analysis
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NEGATIVE IMPACT
Google's Bard is now in direct competition with Microsoft-backed ChatGPT in Europe and Brazil. This could potentially impact Microsoft's market share in these regions.
The launch of Google's Bard in Europe and Brazil puts it in direct competition with Microsoft's ChatGPT. This could potentially affect Microsoft's market share in these regions.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Google's expansion of Bard into Europe and Brazil, along with the addition of new features, could potentially increase Alphabet's revenue and user base. The stock traded higher by 1.08% in premarket trading.
The expansion of Bard into new markets and the addition of new features could attract more users, potentially increasing Alphabet's revenue. The stock's premarket rise suggests positive investor sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100