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When ChatGPT was released, Google tried to match it with the release of Bard, now known as Gemini. It was vastly worse, and many nearly laughed it out of the room. Despite the initial flop, Google’s artificial intelligence (AI) model is quickly closing the gap with competitors, and is now considered a top contender in the AI race. Alphabet (GOOG)(GOOGL), Google’s parent company, is one of the most prolific innovators in the world, and its innovation spans far beyond just large language models (LLMs).
Notably, its Waymo division has the only approved robotaxi service in the U.S., now clearing over 200,000 driverless rides per week. But they also have a number of other growing product lines, including Nest Smart Home devices, Calico for BioTech research, and their various cloud infrastructure services.