Alphabet Class C ( (GOOG) ) has been popular among investors this week. Here is a recap of the key news on this stock.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Alphabet Class C, the parent company of Google, has entered into a significant multi-year partnership with Replit, an AI startup known for its innovative coding platform. This collaboration will see Replit utilizing more of Google’s cloud services and AI models, aiming to enhance software development for enterprise customers. Replit, which has gained traction with its ‘vibe-coding’ approach, allowing users to code in plain language, recently raised $250 million, boosting its valuation to $3 billion. This partnership is part of Google’s strategy to expand its cloud and AI services amidst growing competition in the tech industry.
In addition to its partnership with Replit, Google is facing scrutiny over a YouTube tool designed to help creators manage AI-generated deepfake videos. Concerns have arisen regarding Google’s privacy policy, which allows the use of public biometric data for AI training. While YouTube has clarified that creators’ biometric data has not been used for AI training, the policy remains unchanged, causing hesitation among some industry experts. Despite these challenges, Google’s stock continues to receive a strong buy consensus from analysts, reflecting confidence in its market performance.