Posted 3/20/2024, 3:17:00 PM
Meta and Alphabet Face Risks Despite Strengths as IBM Quietly Builds AI Business
- Meta Platforms faces challenges like unproven metaverse bet, vulnerability to Web3, and high valuation
- Alphabet is a leader in AI with Google Gemini competing with ChatGPT and a history of readiness for tech changes
- Alphabet has a broader business than Meta and is cheaper based on valuation ratios
- IBM is quietly building an AI business focused on long-term corporate clients
- IBM's generative AI bookings are growing rapidly quarter-over-quarter