Long before AI chatbots gained attention, Google integrated AI in core products like Google Docs and Gmail, being a leader in AI. CEO Sundar Pichai highlighted AI's significance at Google I/O by introducing AI-generated answers for search improvement.
Google's Performance Max AI tool optimizes advertising efficiency but faces criticism for limited control and detailed reporting. Criticisms on accuracy have not deterred Google's AI progress, supported by proprietary infrastructure and robust data access.
Google's stock rallied by 96% in 2023, recovering from a 44% decline, showcasing its strong AI position. The stock breaking through resistance and moving above the daily 20 simple moving average indicates a healthy upward trend.
Google's stock recently broke out from a consolidation area above $151, potentially marking the start of another long-term bullish trend.
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