Tech giant Google (GOOGL) is reorganizing its AI development teams in order to speed up progress by consolidating its AI Studio platform team and the Gemini API team into Google DeepMind. Formed in 2023 from a merger of DeepMind and Google Brain, DeepMind has been key to Google’s recent AI advancements, including its Gemini models. Logan Kilpatrick, who leads product for AI Studio, said that this shift will improve collaboration and accelerate the transition from research to developer-ready tools.
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Engineers involved in the reshuffle, like Jaana Dogan, believe that this move will make DeepMind’s work more accessible, which will likely lad to improved APIs, more open-source projects, and better developer tools. This change comes after Google’s previous decision to shift the Gemini chatbot team to DeepMind, a move that CEO Sundar Pichai said was aimed at increasing the pace of innovation.
Separately, during a recent company meeting, Pichai acknowledged that Gemini has been seeing “strong momentum” so far but emphasized that the company needs to close any gaps in 2025 and focus on scaling the chatbot service for consumers. Google has also recently transferred its responsible AI and research teams to DeepMind.
Investor Sentiment for GOOGL Stock Is Currently Positive
The market seems to like what Google has been doing as the sentiment among TipRanks investors is currently positive. Out of the 779,167 portfolios tracked by TipRanks, 8% hold GOOGL stock. In addition, the average portfolio weighting allocated towards GOOGL among those who do have a position is 8.27%. This suggests that investors of the company are confident about its future.
Is Google Stock a Good Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on GOOGL stock based on 24 Buys and seven Holds assigned in the past three months. After a 37% rally over the past year, the average GOOGL price target of $213.85 per share implies 10.3% upside potential from current levels.
