Google, a major player in the global AI race, has released its most advanced AI software model called Gemini. With the competition in Big Tech and the hype among investors, launching an artificial intelligence product can be risky. However, Google’s Gemini is receiving a positive response, as reflected in the 3% surge in Alphabet’s shares.
Just a few months ago, Alphabet faced a setback when it lost $100 billion in market value after a lackluster event promoting its chatbot Bard. Fortunately, this seems to be an isolated incident, and Google is now paving the way with significant innovation in AI.
According to J.P.Morgan analyst Doug Anmuth, Gemini represents a groundbreaking milestone for Google. Anmuth has reiterated his positive outlook on Alphabet stock and set a target price of $150.
Gemini’s superiority in the industry-standard MMLU benchmark is worth highlighting. Outperforming OpenAI’s GPT-4 and even human experts, Gemini showcases its prowess in multitask language understanding. With knowledge spanning 57 subjects, including math, physics, history, law, medicine, and ethics, Gemini sets a new standard.
Google is introducing three versions of Gemini tailored to different applications. While Gemini Ultra is still undergoing safety testing and review for an anticipated launch early next year, Gemini Pro excels in scaling across various tasks and is already integrated into Bard for providing answers. On the other hand, Gemini Nano, the smallest version, is designed for smartphones, laptops, and local devices.
In conclusion, Google’s release of Gemini showcases the company’s commitment to driving the AI revolution. With its advanced features and superior performance, Gemini promises to shape the future of artificial intelligence.
