Alphabet shares soar after it expands AI chatbot internationally
Shares in Google parent Alphabet Inc. were up 4.9% on Thursday after it said it was rolling out its artificial-intelligence chatbot Bard in Europe and Brazil, easing worries about overseas regulatory issues. Danni Hewson, head of financial analysis at investment firm AJ Bell attributed Thursday's rally to the launch in Europe and in Brazil and Bard's expansion into new languages. Art Hogan, chief market strategist at B Riley Wealth also attributed Thursday's rally to Bard's Europe and Brazil launch, which he said "marks the product's most significant expansion since its February launch and pits it against Microsoft Corp." Microsoft, the backer of rival AI ChatGPT, was up 1.1% on Thursday. Alphabet shares, which have seen a huge boost from investor excitement around generative artificial intelligence since February, are up around 41% so far this year.
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