Posted 3/23/2024, 11:00:00 AM
Google Bets on AI to Fuel Growth Amid Chatbot Threat
- Google's advertising revenue faces threat from AI chatbots, but company has invested heavily in its own AI (Gemini) to counter rivals
- Gemini partnerships with Apple and in Google Workspace tap into new revenue streams
- AI is driving demand for Google Cloud offerings, especially in cybersecurity and business automation
- Autonomous driving subsidiary Waymo provides over $100B potential valuation and future taxi service revenue
- At reasonable valuation, Google stock rated a Buy based on AI strengths and TikTok acquisition possibility