Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) subsidiaryGoogle DeepMindhas decided to transition from a research lab to an AI product factory. This move could potentially challenge the company's long-standing dominance in foundational research.

What Happened: Google DeepMind, has merged its two AI labs to focus on developing commercial services. This strategic change could potentially disrupt the company's traditional strength in fundamental research, reported Bloomberg.

The decision to shift gears comes in the wake of a series of AI product launches by rival companies, includingOpenAI and Google itself. The launch of AI Overviews, a product...