Alphabet Inc. News:
In a proposed class action lawsuit, Google has been accused of misusing vast amounts of personal information and copyrighted material to train its artificial intelligence systems. The complaint, filed in San Francisco federal court by eight individuals seeking to represent millions of internet users and copyright holders, alleges that Google’s unauthorized scraping of data from websites violated their privacy and property rights.
The plaintiffs argue that while people may willingly share personal information and creative works online, it does not grant Google ownership over those assets. “Google does not own the internet, it does not own our creative works, it does not own our expressions of our personhood, pictures of our families and children, or anything else simply because we share it online,” stated Ryan Clarkson, the plaintiffs’ attorney.
The crux of the lawsuit revolves around Google’s practice of scraping data from websites without explicit permission from the website owners or the individuals who created the content. Scraping refers to the automated process of extracting data from websites, often done by search engines to index and analyze web content. However, the plaintiffs argue that Google’s actions go beyond what is necessary for indexing and infringe upon their privacy and intellectual property rights.
Google’s artificial intelligence systems heavily rely on large volumes of data to improve their algorithms and provide accurate search results. By training these systems with vast amounts of information, including personal data and copyrighted material, Google aims to enhance its services and offer more targeted advertisements. However, the plaintiffs argue that the company’s data collection practices cross the line of acceptable use, infringing upon individuals’ rights to privacy and copyright protection.
Alphabet Inc Class C Stock Forecast:
Based on the analysis and forecasts of 16 analysts, the average target price for Alphabet Inc Class C stock over the next 12 months is USD 127.35. This indicates a positive outlook for the company’s stock performance. Furthermore, the average analyst rating for Alphabet Inc Class C is reported as Strong Buy, suggesting a consensus among analysts that the stock is expected to perform well.
Stock Target Advisor’s analysis indicates a bullish sentiment towards the stock, supported by 10 positive signals and 3 negative signals. This suggests that the overall outlook for Alphabet Inc Class C is favorable, although it is important to consider both positive and negative signals when making investment decisions.
As of the last closing, Alphabet Inc Class C’s stock price was USD 117.71. Over the past week, the stock price has experienced a decline of -2.36%. Similarly, over the past month, there has been a decrease of -4.20% in the stock price. However, looking at the broader timeframe, over the last year, Alphabet Inc Class C’s stock price has shown a positive growth of +1.02%.
