© Reuters. AI sentiment toward Google seen improving rapidly after Gemini launch; Shares gain
Alphabet (NASDAQ:) stock is up more than 3% in early New York trading on Thursday following the release of Gemini, described as Google’s “largest and most capable AI model” to date.
Analysts have responded positively to this long-anticipated AI model, contributing to the upward movement in Alphabet’s stock. Alphabet shares fell 0.7% yesterday during the event presentation but are now up 3.4% after Wall Street analysts weighed in positively on the Gemini rollout.
Yesterday, both the Google CEO and Google DeepMind CEO jointly hosted a virtual conference to unveil Gemini, the highly anticipated multi-modal Large Language Model (LLM), positioning it as a competitor to OpenAI’s ChatGPT.
Gemini comes in three variants: Ultra, designed for complex tasks; Pro, for scaling across various tasks and integrated into Google products like Gmail, YouTube, and Docs through Bard starting immediately; and Nano, optimized for efficient on-device tasks.
Gemini Ultra is set to launch early next year, while Gemini Nano will be directly available on Pixel 8 devices, Google said.
“We are…
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