Alphabet Inc. (NASDAQ:GOOGL) is one of the 15 AI Stocks ***** ysts Are Watching: Microsoft, Nvidia, and More.
One of the leading AI stocks ***** ysts are watching, ***** ysts at Citizens have recently flagged Alphabet over renewed concerns related to the company's ability to retain top AI talent. On June 22, Citizens ***** yst Andrew Boone reiterated a Market Outperform rating on the stock with a $515.00 price target.
Even though Citizens reiterated a positive rating, its commentary is solely focused on the risk ***** ociated with talent leaving for competitors. The firm noted how former Character.ai founder and current VP of Engineer at Google, Noam Shazeer, is leaving Alphabet to join OpenAI.
The firm particularly highlighted how Alphabet had paid $2.7 billion to license Character.ai's technology, giving them access to both the technology and team. However, Shazeer's reported switch to OpenAI reflects how even such arrangements don't necessarily guarantee an important employee's stay over the longer term.
Looking back, the bear case on Google from two to three years ago was that it would lose talent to OpenAI and Anthropic and would not be able to catch up in AI development. The ***** yst continues to monitor executive movement for that reason.
One of the leading AI stocks ***** ysts are watching, ***** ysts at Citizens have recently flagged Alphabet over renewed concerns related to the company's ability to retain top AI talent. On June 22, Citizens ***** yst Andrew Boone reiterated a Market Outperform rating on the stock with a $515.00 price target.
Even though Citizens reiterated a positive rating, its commentary is solely focused on the risk ***** ociated with talent leaving for competitors. The firm noted how former Character.ai founder and current VP of Engineer at Google, Noam Shazeer, is leaving Alphabet to join OpenAI.
The firm particularly highlighted how Alphabet had paid $2.7 billion to license Character.ai's technology, giving them access to both the technology and team. However, Shazeer's reported switch to OpenAI reflects how even such arrangements don't necessarily guarantee an important employee's stay over the longer term.
Looking back, the bear case on Google from two to three years ago was that it would lose talent to OpenAI and Anthropic and would not be able to catch up in AI development. The ***** yst continues to monitor executive movement for that reason.
2 days ago
