A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Investors are pretty confident that Google’s parent company, Alphabet, will still ...

When Google rebranded to Alphabet on October 1, 2015, it was to make the sprawling array of Google-related ventures “cleaner and more accountable,” according to founders Sergey Brin and Larry Page.

Google initially faced pressure due to fears that it fell behind in the AI race and lost ground to AI models. Google Cloud serves as the backbone for many AI applications and is fueling the next stage ...