Google parent Alphabet hits $4tn valuation after AI deal with Apple
Google’s parent company hit a major financial milestone on Monday, reaching a $4tn valuation for the first time and surpassing Apple to become the second-most valuable company in the world.Alphabet is the fourth company to hit the $4tn milestone after Nvidia, which later hit $5tn, Microsoft and Apple.The spike in share price comes after Apple announced it had chosen Google’s Gemini AI model to power a major overhaul of the iPhone maker’s digital assistant Siri, which comes installed in every iPhone. Neither ...