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Google's Parent Company Hits New Highs Amid AI-Driven Advertising Reforms
Published in Latest AI News
Time :Dec 21, 2023
Read :1minute
The stock price of Alphabet, Google's parent company, has hit a two-month high due to preparations for reforming its advertising platform. Google is increasing its reliance on AI-generated ads, achieving higher profit margins through automated ad sales. The company plans to restructure its ad sales team and may undergo staff cuts. Meanwhile, YouTube's ad sales continue to grow. The development of artificial intelligence technology is expected to drive further growth for both Google and Meta. Following this news, Google's stock price rose 3.15%, reaching a high of $140.82 per share.