Google’s $8M India AI Push Fails to Lift GOOGL Shares
Alphabet Inc.'s (GOOGL) stock dipped slightly in early trading despite announcing $8 million in funding for India's AI ecosystem. The investment targets healthcare, agriculture, and language models through partnerships with IIT Bombay and startups like Gnani.AI.
Notably, $4.5 million flows to Wadhwani AI for multilingual applications—a strategic play in India's fragmented language landscape. The market reaction remained muted, suggesting investors await tangible monetization pathways.