Google has entered a partnership with Chinese AI company Moonshot, choosing to pay for U.S.-based hosting, which has sparked domestic criticism over potential harm to U.S. interests in AI dominance. This collaboration occurs amid heightened scrutiny of U.S.-China tech relations, specifically regarding export controls and the use of American AI models by foreign entities. From a market perspective, the odds for Alphabet to become the second-largest company by market cap by July have dropped to 0%, with NVIDIA now favored at a 90% probability to take that position. Market participants appear to be factoring in the strategic risks associated with this partnership when evaluating Alphabet’s future prospects.
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