Google DeepMind CEO Demis Hassabis discussed Alphabet’s newfound competitiveness over OpenAI at the Davos Economic Forum. Hassabis predicts AI will be “10 times bigger and 10 times faster” than the Industrial Revolution. This led to a 2.4% gain in Alphabet’s stock, following a 65% gain in 2025 and another 5% gain in 2026. Hassabis highlighted Google’s AI capabilities and strategic position, emphasizing a strong outlook for Alphabet. Hassabis noted that Alphabet’s unique combination of leading research labs and ready-made markets gives them a cost advantage. Alphabet’s recent gains and potential for further growth in the AI industry make it an attractive investment option.

Read more at Yahoo Finance: Why Alphabet Rallied Today