Alphabet Inc reported its second-quarter financials, with revenue surpassing estimates driven by search and cloud growth. However, YouTube advertising revenue fell short due to tough competition. The company's AI investments raised concerns about margin squeeze.
Meanwhile, Microsoft Corporation-backed OpenAI introduced its own AI-powered search engine, posing a challenge to Google. This move led to a drop in Alphabet's shares by over 3%, highlighting the competitive landscape in the AI sector.
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Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
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Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.