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Google launches VIP-level AI subscription service

1. Google launches AI subscription service 'Google AI Ultra' at $249.99/month. 2. Service targets premium users with high storage and exclusive AI features. 3. Alphabet aims to diversify revenue as ad growth slows down. 4. AI Ultra includes access to Gemini models, and experimental AI projects. 5. Service rollout begins in the U.S., expanding to other countries shortly.

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FAQ

Why Bullish?

The introduction of 'Google AI Ultra' strengthens GOOG's growth potential in subscriptions, akin to positive shifts seen during prior product launches.

How important is it?

The launch positions GOOG strongly against competitors in the AI space, likely affecting investor sentiment positively.

Why Long Term?

The subscription model could stabilize and grow revenue over time, similar to other tech companies successfully pivoting to subscription services.

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