Google said to hold event next week to discuss 'using the power of AI'
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After talking up its capabilities in artificial intelligence in conjunction with reporting disappointing fourth-quarter results, Google (NASDAQ:GOOG) (NASDAQ:GOOGL) is slated to hold an event next week to talk more about the technology.
The event, live-streamed on YouTube on February 8, is slated to discuss how the tech giant is "using the power of AI to reimagine how people search for, explore and interact with information, making it more natural and intuitive than ever before to find what you need," according to The Verge.
On the company's fourth-quarter earnings call, Alphabet (GOOG) (GOOGL) CEO Sundar Pichai said how the company unlocks the opportunities artificial intelligence provides results in how the company focuses its investments.
"AI is the most-profound technology we are working on today," Pichai said.
Picahi added Alphabet (GOOG) (GOOGL) is in a "great position as AI reaches an inflection point" and the company "has been preparing for this moment since early last year."
The event comes as Microsoft (NASDAQ:MSFT) announced a multibillion, multi-year investment into ChatGPT maker OpenAI, which some have said is a credible threat to Google's (GOOG) search dominance.
Earlier this week, it was reported that Microsoft (MSFT) may incorporate an updated, faster version of OpenAI's generate artificial intelligence chatbot, ChatGPT, into its Bing search engine "in the coming weeks."
Alphabet (GOOG) (GOOGL) shares fell approximately 3.7% in premarket trading on Friday.
On Thursday, Senator Michael Bennet asked Apple (AAPL) CEO Tim Cook and Google's (GOOG) (GOOGL) Pichai to ban TikTok from their respective app stores.