Reported 16 days ago
Alphabet, the parent company of Google, is focusing its largest investment on enhancing online search through artificial intelligence, as stated by Ruth Porat, the company's investment chief. During the Reuters NEXT conference, Porat emphasized the importance of AI in improving search results and maintaining Google's competitiveness against rivals like OpenAI. Additionally, she highlighted Alphabet's efforts in healthcare innovation, particularly through AI systems like AlphaFold, which aids drug discovery. Despite significant financial commitments to AI, Porat affirmed the necessity of generating returns on these investments.
Source: YAHOO