Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and (NASDAQ: BIDU) bear many striking similarities. Alphabet's Google owns the world's largest search engine, the third largest cloud infrastructure platform, and its most popular streaming video platform, YouTube. Baidu owns China's leading online search engine, a smaller cloud platform, and iQiyi (NASDAQ: IQ), one of the country's leading streaming video platforms.

Google and Baidu are both ramping up their investments in the artificial intelligence (AI) market to crunch more data and process more natural language requests. Google has been developing an AI chatbot called Bard and an AI large-language model called Gemini to challenge OpenAI's ChatGPT in the generative AI space. Baidu has developed a large language model called Ernie to power its own chatbot, and it's been integrating AI features into its Apollo platform for driverless vehicles.

Image source: Getty Images.

Continue reading

Source Fool.com