More Jobs At Risk At Google As Its Assistant Gets A 'Supercharged' AI Upgrade
Portfolio Pulse from Rounak Jain
Google, a subsidiary of Alphabet Inc., is set to upgrade its Google Assistant with artificial intelligence (AI), which may lead to job cuts within the team. The new AI-powered Google Assistant is expected to be more efficient and competitive, and will coexist with the old version during the transition period. The move is seen as a response to competition from rivals like Samsung's Bixby and Bing Chat.
August 01, 2023 | 2:09 pm
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NEUTRAL IMPACT
Google's move to upgrade its Assistant with AI could lead to job cuts, but it could also enhance the product's efficiency and competitiveness. This could potentially impact Alphabet's stock in the short term.
While the AI upgrade could lead to job cuts, which may negatively impact the company's image, the enhanced product could potentially attract more users and increase competitiveness, which could have a positive effect on the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
The AI upgrade to Google Assistant, a product of Alphabet's subsidiary Google, could lead to job cuts but also improve the product's efficiency and competitiveness. This could potentially impact Alphabet's stock in the short term.
The AI upgrade could lead to job cuts, which may negatively impact the company's image. However, the enhanced product could potentially attract more users and increase competitiveness, which could have a positive effect on the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100