The stock of Alphabet Inc (NASDAQ:GOOG) closed at $1,017.11 losing 0.21% in yesterday’s trading session. It is now seven years down the line since it exited China but now it is making a comeback and in a rather bold way. However, this time around it isn’t coming with the search engine promise.
On the contrary, Google’s ingress revolves around artificial intelligence. The internet company has actively been promoting TensorFlow, a kind of software that makes it a lot much easier to come up with AI systems. This is a strategy aimed at helping forge business ties in the enormous global market space and this is according to a number of persons familiar with the company’s plans.
Basically, it is a wide pitch directed at China’s tech titans and academics. In a similar light, Google parent Alphabet Inc intends to bring on board more in terms of personnel to help scour Chinese providers for potential AI investments.
The top official who headed Google’s China operations, Kai Fu Lee, opined, “China is a tremendous opportunity for any company because it is by far the single largest homogeneous market. There is some particular data that can be used to advance products, especially those relating to artificial intelligence.”
A lot of people fall into the trap of believing that an active Google in China means a profitable one in the same country. It requires the technical tricks or the overseas servers to access the AI tools.
Over time, Google has been facing stiff homegrown competition from the various competitors around the globe. That has specifically been on the race to generate the popular foundational tools for inventions such as the self-driving cars and the voice-controlled speakers.
In the same light, Google has been showing a clear interest in re-igniting its business in China. It was in 2010 that it pulled its search engine as well as other services from the mainland over government censorship. Since then, Google has been seen launching explorations into a number of paths for re-entry.