KEY POINTS
- Walmart CEO Doug McMillon has talked up the retail company’s generative AI search capabilities, one more threat to Alphabet’s internet dominance.
- Alphabet has been among the big tech losers in the stock market this year, alongside Apple, both struggling to tell investors winning AI stories.
Google founder Sergey Brin recently conceded missteps in gen AI but said the company will figure out the right business models; analysts say online retailers will be more competitive in search within their ecosystems.
Read the article: https://www.cnbc.com/2024/03/10/why-walmarts-quick-success-in-gen-ai-search-should-worry-google.html
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