Google's market value rises by almost billion in one week

While Google DeepMind's artificial intelligence AlphaGo played five matches with Korean go master Lee Se-dol, Google's market capitalization has increased by more than 58 trillion won (48.94 billion U.S. dollars). The fact that Google made AI surpass a human grand master appears to have lifted its market cap.

In the New York Stock Exchange on Tuesday, the market value of Alphabet, Google's parent company, was measured as 507.67 billion dollars in terms of common stock. Alphabet stocks are classified as A type, a common stock, B type and C type, a preferred stock. B type stock refers to an unlisted stock held by early executives including co-founders, while A and C type stocks are listed stocks.

On March 8, a day before the first Google DeepMind Challenge match took place, Google's market cap reached 483.2 billion dollars, and when all five games were completed the value went up 24.47 billion dollars. Google's stock prices rose from 713.53 dollars on March 8 to 750.57 dollars on Tuesday, an increase of 5.18 percent.

The market value of Alphabet's C-type stock also increased 24.47 billion dollars during the period. Combining the two listed stocks, Google's market value rose by 48.94 billion dollars.

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