Billionaire Bill Ackman's hedge fund unveils a new Alphabet stake worth over $1 billion in a nod to the company's AI push
Billionaire investor Bill Ackman's hedge fund revealed it newly bought Alphabet shares worth over $1 billion as the company ramps up its foray into artificial-intelligence technologies.
"With generative AI we are taking the next step. With a bold and responsible approach, we are reimagining all our core products, including search," Alphabet CEO Sundar Pichai said at the conference.
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