Alphabet Inc. (NASDAQ:GOOGL) is one of the Hot AI Stocks on Wall Street’s Radar. On August 6, Alphabet’s Google announced a three-year, $1 billion commitment for providing artificial intelligence training and tools to U.S. higher education institutions and nonprofits.
The initiative has been signed on by more than a 100 universities, with prominent names including Texas A&M and the University of North Carolina.
According to the report, participating schools may receive cash funding and resources. This includes cloud computing credits towards AI training for students or research on AI-related topics.
The billion-dollar investment will also include the value of paid AI tools, such as an advanced version of the Gemini chatbot. Google will be giving this to college students for free.
Senior Vice President James Manyika also noted that the company plans to extend the program to every accredited nonprofit college in the U.S and likewise to other countries.
While Google hasn’t faced resistance from administrators regarding the initiative, “many more questions” about AI-related concerns remain.
“We’re hoping to learn together with these institutions about how best to use these tools.”
Alphabet Inc. (NASDAQ:GOOGL) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses.
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