Alphabet Gains After Adding More AI Functions to Search

Alphabet Inc. shares gained after the company said it will offer “AI mode” in search to all US users, showing its commitment to redesigning its core business to keep pace with new rivals in the artificial intelligence age.

“We want to get our best models into your hands,” Chief Executive Officer Sundar Pichai said Tuesday at the company’s developer conference in Mountain View, California. “So we are shipping faster than ever.”

Alphabet’s stock rose much as 5.6% on Wednesday after some analysts expressed confidence that the company can reorient its search product.

Google has been making profound changes to ...