Alphabet Needs to Show Path to AI Sales in Race With Microsoft
Alphabet Inc. just got a reminder of how important the perception of having a winning AI strategy is for investors.The Google owner added $87 billion in market value in a single day last week after showing off the capabilities of its Gemini large language model, which it claims can rival OpenAI's ChatGPT. To sustain those gains, tech “The whole business model depends on getting this right,” said Gene Munster, co-founder and managing partner at Deepwater Asset Management, whose firm holds the stock. “If they can nail…