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Google is more resilient than its AI stumbles imply

Livemint · 1y

Google's share price rose 8% in Q1 2024, lagging behind other Big Tech peers. The company has faced challenges, including a trial and antitrust lawsuit, which have worried investors about potential financial penalties or a breakup. Additionally, Google's AI efforts, like the launch of its Gemini tool, have been marred by errors. The company's financial results have also disappointed, in contrast to Microsoft's strong performance. However, Google still dominates the internet search market and is expected to see growth in advertising revenue, particularly from YouTube. The company will focus on AI in upcoming conferences to regain momentum.