Alphabet surged 5% on Thursday as Wall Street cheered the launch of Gemini, saying the new artificial intelligence model could help narrow the gap in a race with Microsoft-backed OpenAI. Long considered a leader in AI research, Alphabet lost the spotlight when OpenAI's ChatGPT swept the tech landscape upon its launch last November and allowed investor Microsoft to aggressively roll out AI-powered software to businesses. Now, Gemini looks poised to boost Alphabet's AI heft again.
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