Google’s Gemini AI Is Coming. ChatGPT Better Watch Out.

Key Takeaways

• New reports suggest Google is ramping up its AI efforts
• Google’s forthcoming AI model is called Gemini
• It has the potential to be more powerful than ChatGPT

It was only a matter of time before Google came for AI. To date, Google has lagged a bit in the AI space, but a new report from SemiAnalysis — a popular tech blog — declared: “The sleeping giant, Google, has woken up.” A few months ago, Google combined its Brain and DeepMind AI labs to create a new research team called Google DeepMind. Apparently, they’ve been busy.

What has Google done with its AI to capture the tech world’s attention? We’ll examine that below.

What did Google do?

If the rumors are true, Google has a forthcoming generative AI model, called Gemini, that is going to knock our socks off. As a reminder, generative AI refers to the type of AI that produces text, imagery, and audio — like ChatGPT.

And speaking of ChatGPT, Gemini can reportedly outperform even the most advanced GPT-4 models on the market. By the end of next year, Gemini might exhibit a 20-fold increase in potency compared to ChatGPT. Apparently, Google is focused on combining the text capabilities of its large language models (LLMs) and AI image generation to create something more multifunctional.

When Google plays, it plays to win. We’re considering Gemini the real kickoff of Google’s entry into the AI competition. Google has tremendous resources to throw behind AI development if it wants to. No doubt, competitors and legislators are watching (perhaps slightly nervously) to see what Google does next with artificial intelligence.

What does this mean for investors?

Any AI advancement news is overshadowed by the big antitrust lawsuit Google is mired in right now. Even with that looming, Google still makes Barron’s list of the 15 stocks with the highest buy-rating ratios for 2024.

Alphabet CEO Sundar Pichai recently made some sweeping remarks for the company’s 25th anniversary: “Over time, AI will be the biggest technological shift we see in our lifetimes. It’s bigger than the shift from desktop computing to mobile, and it may be bigger than the internet itself.” It’s almost like he know something we don’t.

The U.S. Senate is hosting a series of meetings as part of an “AI Insight Forum” this week. The event will bring together all the big names in the industry (Sam Altman, Mark Zuckerberg, and, of course, Sundar Pichai). No doubt, the ethical implications and potential regulation of fast-evolving AI technology will be on the docket.

We’re staying tuned for any comments from Google.

The bottom line

AI continues to hold the tech world’s attention. Though we can’t say for sure who will “win” the AI race, Google definitely has the resources and brainpower to be a major contender. We’ll certainly be watching for any future updates on Gemini. At the very least, we’re taking these reports as a sign that the AI competition (and investment potential) is heating up even more.