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Google has agreed to pay about $2.4 billion in a deal to license the technology of artificial intelligence-assisted coding tool Windsurf, The Wall Street Journal reported on Friday, citing people familiar with the matter.
The deal comes after acquisition talks between startup Windsurf and OpenAI broke down.
Google recruited the chief executive and a co-founder of Windsurf, which OpenAI had been in talks to buy, as the battle to dominate artificial intelligence escalates.
Google on Friday made the latest a splash in the AI talent wars, announcing an agreement to bring in Varun Mohan, co-founder and CEO of artificial intelligence coding startup Windsurf. Google is not investing in Windsurf, but the search giant will take a nonexclusive license to certain Windsurf technology, according to a person familiar with the matter.
Google has hired Windsurf CEO Varun Mohan, co-founder Douglas Chen, and select members of the coding tool's research and development team to join its DeepMind division, a Google spokesperson said on Friday, in a move to strengthen itself in the race for AI leadership.
Steven E. Orr finds Palantir (PLTR) overvalued right now and is looking for it to pull back to $100/share. He feels the same about Nvidia (NVDA), citing market FOMO.
Alphabet remains deeply undervalued despite recent gains, with a forward PE below 20, way lower than Magnificent 7 peers. Rockstar financials, including a 34% ROIC and $95 billion cash pile, position Google to profitably invest in AI and future growth projects. AI leadership, new product launches, and positive Q2 earnings momentum support continued double-digit growth and strong bullish sentiment.
Key Points in This Article: Quantum computing's potential to transform industries like cryptography and drug discovery is driving a projected $850 billion market by 2040, reshaping the technological landscape.
The stock market has rebounded nicely with a broad rally off the lows of April for the S&P 500 index. Only two sectors are in the red through the first half of the year.
Despite the market recently rebounding to hit new highs earlier this month, there are still bargains to be found in the tech space.