Alphabet reverses ban on AI use for weapons, following Palantir
Alphabet (GOOG, GOOGL) stock is in focus after the tech giant reported mixed quarterly earnings results. Lux Capital co-founder Josh Wolfe joins Asking for a Trend with Josh Lipton to discuss a change in Alphabet's artificial intelligence (AI) policy, which may have been driven by Palantir's (PLTR) shares surging double digits following the company's earnings beat. "The thing that went unnoticed [in Alphabet's announcement] is they made a change to their policy statement" reversing a ban on using the company's AI tech for weapons and surveillance, Wolfe explains to Yahoo Finance. The venture capitalist says this change suggests Alphabet is looking at Palantir (PLTR), Microsoft (MSFT), and Amazon (AMZN), "who have been working closely with the government in the military, and they're now effectively saying, 'We have to work on weapons systems and surveillance.'" Wolfe notes that, despite some Alphabet employees protesting this change, the company is capitalizing on a "tailwind of geopolitical conflict that is a reality." To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Naomi Buchanan.
