tl;dr
OpenAI, backed by Microsoft (MSFT), is set to launch an AI-powered search product to compete with Google (GOOG) (GOOGL) and AI search startup Perplexity. The product, to be integrated into ChatGPT, will conduct web searches and cite sources in its results, similar to Google. The announcement is expe...
OpenAI, backed by Microsoft (MSFT), is set to launch an AI-powered search product to compete with Google (GOOG) (GOOGL) and AI search startup Perplexity. The product, to be integrated into ChatGPT, will conduct web searches and cite sources in its results, similar to Google. The announcement is expected just before Google's annual I/O conference, where the search giant will unveil new AI products and updates on its AI model Gemini. Search is a key focus in the AI industry, with numerous companies deploying chatbots, putting pressure on OpenAI to enhance ChatGPT's capabilities. ChatGPT is already linked with Microsoft's Bing search engine, while Google has added generative AI features. Perplexity, valued at $1 billion, utilizes AI models for web searches and human-like dialogue to provide answers. Founded by a former OpenAI researcher, the startup has around 10 million active monthly users and is seeking additional funding.
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company known for its wide range of products and services, including computer software, consumer electronics, personal computers, and related services. The company's notable software products include the Microsoft Windows operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. In the hardware sector, Microsoft is recognized for its Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers.
In the 2020 Fortune 500 rankings, Microsoft secured the 21st position among the largest United States corporations based on total revenue. As of 2016, it held the title of the world's largest software maker by revenue. Microsoft is also regarded as one of the Big Five companies in the U.S. information technology industry, alongside Google, Apple, Amazon, and Facebook.
Summary of Financial Data:
- Sector: Technology
- Industry: Services-Prepackaged Software
- Market Cap: $305.13 billion
- Current Price: $35.58
- Change: $2.93 ( 11.54%)
- 52-Week Range: $31.83 - $0.364
- Volume: 236,583,993
- Earnings Per Share (EPS): $472.18
- Dividend: $0.20
- Dividend Yield: 0.17%
More about Alphabet Inc Class C
Alphabet Inc. Class C Analysis Alphabet Inc. Class C Analysis Summary
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Key Metrics:
Sector: Technology
Services: Computer Programming, Data Processing, etc.
Market Cap: 210.32 Billion
Price/Earnings Ratio: 26.25
Dividend Yield: None
Beta: 0.259
Shares Outstanding: 3.18 Billion
Day's Range: $184.5 - $186.1
EPS: 0.609
PE Ratio: 0.154
More about Alphabet Inc Class A
Alphabet Inc Class A Technical Analysis Summary
Alphabet Inc. (GOOGL) closed at $2103.19 on the latest trading day, with a change of $25.98 from the previous close.
The Relative Strength Index (RSI) is at 65.52, indicating a neutral to slightly overbought condition.
The stock price is currently above its 50-day moving average of $2037.37, signifying a bullish trend.
Alphabet Inc. is showing a resistance level at $2125.37 and a support level at $2070.25.
The Bollinger Bands suggest that the stock price is within normal limits and not overbought or oversold.
Alphabet Inc. has a market capitalization of $1.318 trillion and a price-to-earnings ratio of 30.38.
Based on the analysis, the stock is currently in a bullish trend, but caution is advised due to the neutral to slightly overbought RSI.
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