Alphabet’s Google Makes Strides in AI with Gemini Launch

Alphabet Stock

Alphabet Inc. (NASDAQ:GOOGL), through its powerhouse division Google, continues to assert its dominance in the thriving AI sector, showcasing relentless efforts to outpace Microsoft (NASDAQ:MSFT) in generative AI advancements.

The recent debut of Gemini, an advanced and robust large language model (LLM), stands as a testament to Google’s commitment to staying at the forefront of generative AI technology.

Following the unveiling of Gemini, Alphabet’s stock surged by 5%, closing at $136.93 on December 7.

Gemini comes in three sizes: Gemini Ultra, the largest and most capable; Gemini Pro, designed for scalability across various applications; and Gemini Nano, tailored for specific tasks and mobile devices.

Expected to launch next year, Gemini Ultra combines insights from 57 subjects, excelling in massive multitask language understanding and marking the first model to outperform human experts.

Gemini Pro and Gemini Nano will be available through Google Cloud, enhancing accessibility for developers and enterprise customers starting December 13.

Google has integrated Gemini Pro into its Bard chatbot and Search Generative Experience (SGE). Gemini Nano is poised to benefit Android developers, with features planned for inclusion in Pixel 8 Pro models.

The growth potential in the generative AI market is substantial, with reports suggesting its value could reach $191.8 billion by 2032, experiencing a CAGR of 34.1% between 2023 and 2032.

Google’s strategic moves in AI extend beyond Gemini. Earlier this year, it introduced the Bard chatbot and consulting services to fortify generative AI efforts, providing tools and guidance for clients adopting generative AI techniques.

Upcoming features like “Help me write” in Chrome for Desktop and “Help me create a list” in the Keep Notes app for Android showcase Google’s commitment to enhancing user experiences through AI-powered functionalities.

The competition between Google and Microsoft intensifies, with Gemini set to challenge OpenAI’s GPT-4. Gemini Pro has already surpassed GPT-3.5, positioning Google as a strong contender in the generative AI landscape.

While Google strives to outpace Microsoft’s efforts, Microsoft remains proactive, integrating GPT-4 into Bing and Edge and offering the Azure OpenAI Service to apply large language models and generative AI in diverse use cases.

In summary, Google’s unveiling of Gemini and its broader initiatives in AI position Alphabet favorably to capitalize on the significant opportunities within the generative AI market.

Featured Image: Megapixl

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About the author: Stephanie Bédard-Châteauneuf has over seven years of experience writing financial content for various websites. Over the years, Stephanie has covered various industries, with a primary focus on tech stocks, consumer stocks, market news, and personal finance. She has an MBA in finance.