Alphabet’s (GOOGL) Google has revealed a new AI model, Gemini 2.0, with better speed and capabilities compared to its predecessor, Gemini 1.5. Importantly, Google continues to make advancements in the AI space as it faces intense competition from ChatGPT maker OpenAI.
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It is worth highlighting that the company began testing the model this week with plans for a wider rollout in early 2025. Moreover, Google is looking to expand Gemini 2.0 to its other products.
The upgraded model will be integrated into Google’s AI Overviews, a summary-generating tool for search queries. This move will allow AI Overviews to solve advanced math equations, process multimodal queries, and generate codes. Further, the new model has the capability to process images and audio, expanding its functionality to handle more complex tasks.
Google Strikes Back with New AI Feature
In addition to the new AI model, Google has also introduced a new feature called “Deep Research” for the Gemini model. This feature is designed to enhance Gemini’s advanced reasoning and context processing abilities, helping users with complex research tasks. Deep Research is now available for Gemini Advanced subscribers, marking an important step in Google’s bid to remain competitive in the AI space.
Google’s new releases come shortly after OpenAI launched its text-to-video generator tool, Sora, which was met with great enthusiasm from users. Also, OpenAI recently introduced the o1 Model, an advanced AI model designed to provide more accurate and thoughtful answers. This makes it capable of handling complex mathematics-related questions, further raising the stakes in the AI race.
Is GOOGL Stock a Buy, Sell, or Hold?
Turning to Wall Street, GOOGL has a Strong Buy consensus rating based on 27 Buys and six Holds assigned in the last three months. At $209.21, the average Alphabet price target implies a 7.07% upside potential. Shares of the company have gained 40.39% year-to-date.
