Google's AI Renaissance: Alphabet Races Toward $4 Trillion Valuation as Gemini 3 Sparks Market Surge

Alphabet races toward $4 trillion valuation as AI-fueled gains accelerate

Nov 24 (Reuters) - Alphabet closed in on a $4 trillion valuation on Monday, set to become only the fourth company to enter the exclusive club, as the Google parent rides an artificial intelligence-driven rally. Shares of the company (GOOGL.O), opens new tab rose more than 5% to hit a record high

How Google put together the pieces for its AI comeback

When ChatGPT launched in 2022, Google was caught flatfooted, but the launch of Gemini 3 and the Ironwood AI chip this month has experts raving about Alphabet's AI comeback. Google kicked off November by unveiling Ironwood, the seventh generation of its tensor processing units, or TPUs, that the

Is Google The New Leader of the AI Race?

Google's parent company, Alphabet, is very close to becoming the fourth company to join the $4 trillion market cap club (current members to have crossed that threshold are Apple, Microsoft, and Nvidia). That's thanks to a week of arguably great news for its AI efforts. Fellow tech giant and

Google, the sleeping giant in global AI race, now 'fully awake' | Fortune

The internet giant has released new AI software and struck deals, such as a chip tie-up with Anthropic PBC, that have reassured investors the company won't easily lose to ChatGPT creator OpenAI and other rivals. Google's newest multi-purpose model, Gemini 3, won immediate praise for its

Google parent Alphabet races toward $4 trillion market cap

It's a good day to be an Google shareholder. Even amid this week's sharp tech rally, the stock is emerging as a Wall Street darling. As of Tuesday morning, shares of the tech giant are exploding higher, and the reason reaches far beyond the company's best-known business lines -- whether search,

Google Went After OpenAI But Ended up Rattling NVIDIA | AIM

Two years ago, no one could have imagined that Google would suddenly leap ahead of OpenAI in the AI race. The search giant has come a long way since Bard's rocky debut in 2023. In its inaugural demo, the chatbot incorrectly stated that the James Webb Space Telescope had taken the first-ever image

Alphabet heads for $4trn valuation on reports Meta to buy Google AI chips

Alphabet climbed close to a $4trn valuation yesterday as markets were enthusiastic about reports of a potential deal with Meta for Google's TPU AI chips. Nvidia and OpenAI, and their various circular investments, have grabbed most of the AI headlines in recent months, but analysts think Google may

ChatGPT is 3 and Google just crashed the party

Three years after losing ground to ChatGPT, Google has roared back with Gemini 3, soaring chip demand and a trillion-dollar valuation surge -- challenging the notion that OpenAI still dominates the AI future. Long before ChatGPT became a household name, a small group inside Google Search pitched a

Gemini 3 Shook OpenAI To Its Core : Pushing OpenAI to Rethink Its Path

What happens when the seemingly unstoppable force of innovation meets an equally unyielding competitor? The release of Gemini 3, Google's latest AI breakthrough, has sent shockwaves through the tech world, leaving even industry giants like OpenAI scrambling to recalibrate. Touted as one of the most

Google, the sleeping giant in global AI race, now 'fully awake'

Since the launch of ChatGPT three years ago, analysts and technologists -- even a Google engineer and the company's former chief executive -- have declared Google behind in the high-stakes race to develop artificial intelligence. Not anymore. The internet giant has released new AI software and

Alphabet races toward $4 trillion valuation as AI-fueled gains accelerate - The Economic Times

Shares of the company rose more than 5% to hit a record high of $315.9, giving it a market capitalisation of $3.82 trillion. The stock has climbed nearly 70% so far this year, far outperforming AI rivals Microsoft and Amazon.Alphabet closed in on a $4 trillion valuation on Monday, set to become