Alphabet is fourth company to reach valuation of $4tn

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Alphabet briefly hit $4tn (€3.4tn) in market valuation yesterday, as a sharper focus by Google’s parent allayed doubts about its strategy, and thrust it back to the forefront of the high-stakes race.

In the latest sign that its efforts were paying off, Alphabet said the next-generation of Apple’s AI models will be based on Google’s Gemini under a multi-year deal.

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