Google’s Shares Surge 5% Post-Gemini AI Rollout

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    In a notable spike, Google's stock price rose 5%. announcement About Gemini, the latest breakthrough in artificial intelligence.

    This new AI model is poised to compete with offerings from tech giants like OpenAI, Microsoft, and Meta, and marks a key point in the evolution of Google's technology development. Additionally, the stock price increase reflects investors' confidence in Google's continued efforts in the competitive landscape of artificial intelligence technology.

    Also read: Elon Musk launches xAI to compete against ChatGPT

    Wells Fargo and Bank of America are considering

    Wells Fargo's trading desk responded positively to the announcement, suggesting that Gemini could silence questions about Google's position on its continued AI efforts. They pointed to the immediate impact of this model, with the stock price of Google's parent company Alphabet rising pre-market. But they raised an important question: What will Google's monetization strategy for Gemini look like? This question encapsulates a broader conspiracy about Google's future in the lucrative AI market. .

    Meanwhile, Bank of America analysts It pointed out Alphabet has been under intense scrutiny over its AI capabilities. They believe a “highly branded” competitive AI model like Gemini could power Google's consumer search efforts and the cloud company's sales. Their note further expressed confidence in Google's AI strengths and suggested that showcasing superior and unique AI capabilities could have a positive impact on the company's stock price in the first half of 2024.

    “We believe Google has strong AI capabilities, and data suggesting Google has best-in-class, proprietary AI capabilities could be positive for the stock in 1H24.”

    While the announcement generated excitement, it remains unclear how Google intends to monetize Gemini across its product suite in the long term. Nevertheless, the company has revealed plans to license Gemini to customers through Google Cloud later this month. This first step could be critical in determining how Google leverages Gemini's capabilities to enhance its product offerings and revenue streams.

    Google Bird: The first step in the Gemini era

    The deployment of Gemini is updated version About Google's chatbot, Google Bard. Bard is powered by Gemini and is immediately available to English speakers in more than 170 regions, including the United States. This is the beginning of what Google CEO Sundar Pichai calls the “Gemini era,” reflecting the company's goal to integrate Gemini into a variety of products and services in the coming months.

    “These are the first models of the Gemini era, and the first to realize the vision we had when we founded Google DeepMind earlier this year,” said Google CEO Sundar Pichai.

    Developed since the beginning of this year, Gemini represents a leap forward in AI technology, providing more accurate responses and more human-like reasoning in certain situations. This is especially evident in its strong performance in benchmarks that include a variety of disciplines such as mathematics, physics, history, law, medicine, and ethics. Eli Collins, VP of Products at Google DeepMind, highlighted Gemini's unparalleled ability to outperform human experts on certain benchmarks.

    Versatility and Accessibility: Gemini Traits

    Gemini is not just a single AI model, but a diverse collection of tools designed for specific applications. The suite includes an “Ultra” version, which reportedly outperforms other models in 30 benchmark tests, including areas such as image understanding and mathematical reasoning.

    In addition, a “Pro” version has been integrated into Google's Bard and is tailored for different tasks. The “Nano” version is clearly intended for use in smartphones and is expected to arrive first. release Google's Pixel 8 device.

    This segmentation of Gemini shows Google's focus on making advanced AI accessible across a variety of platforms and devices. By offering different versions of Gemini, Google aims to penetrate different market segments, from high-end computing to everyday smartphone usage.


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