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Alphabet Inc. (GOOGL) shares hit a 52-week high on Tuesday after the company showcased its AI and machine learning capabilities at its annual Cloud Next event. Alphabet has been a dominant name in the AI war, facing off against Microsoft with a competing chatbot. Wall Street regarded Alphabet’s AI hardware advancements as some of the biggest takeaways from the event, reiterating optimism in the company’s long-term potential. Alphabet unveiled a new iteration of its tensor processing units to train AI models, and unveiled updates to its own large language models and developer capabilities.
