CNBC March 10, 2024
Key Points
– Walmart CEO Doug McMillon has talked up the retail company’s generative AI search capabilities, one more threat to Alphabet’s internet dominance.
– Alphabet has been among the big tech losers in the stock market this year, alongside Apple, both struggling to tell investors winning AI stories.
– Google founder Sergey Brin recently conceded missteps in gen AI but said the company will figure out the right business models; analysts say online retailers will be more competitive in search within their ecosystems.
Planning purchases for a special occasion like recent Super Bowl parties or Valentine’s Day celebrations might typically require consulting more than one online source — or the primary source of Google — but if Walmart has...
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