Alphabet: Staying The Course As Bard Is Set To Usurp ChatGPT

Summary:

  • Alphabet’s investments in AI, driven by Project Magi, will help counter competition from Microsoft’s Bing and OpenAI’s ChatGPT.
  • The use of advanced AI capabilities will lead to more personalized experiences for users and improved conversion rates for advertisers.
  • Google has a twenty-year history of developing AI and will unleash a powerful toolkit to assist advertisers and enhance the user experience.
  • Ex-cash Alphabet trades on an 18.2x forward P/E with strong balance sheet.

Tech

400tmax

The main bear case for Alphabet (NASDAQ:GOOGL) is the prospect of share losses in its Search business to Microsoft’s Bing and OpenAI’s Chat GPT and even if its attempts at creating a rival chatbot prove effective it

Alphabet Product

User Base

Google Seach

3.6bn

Android

3.0bn

Chrome

2.7bn

G-Mail

1.8bn

Google Drive

1.0bn

Google Play Store

2.5bn

YouTube

2.1bn

Google Photos

1.0bn


Analyst’s Disclosure: I/we have a beneficial long position in the shares of GOOGL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


Leave a Reply

Your email address will not be published. Required fields are marked *