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- Google is ready for 'battle' in the AI-services space, and the stock could rise by another 21%, says Bank of America.
- Microsoft and Baidu have joined the race to capitalize off the growing hunt for AI tools set off by ChatGPT.
- Google introduced its Bard AI service on Monday.
Google is set to be a formidable opponent in the AI space as companies race to roll out their own versions of the popular ChatGPT chatbot, says Bank of America which expects a double-digit surge in shares of the technology heavyweight.
"GOOG [is] well prepared for AI battle with years of investment," BofA research analyst Justin Post said in a note to clients this week.