Alphabet's Gmail now has generative AI feature Gemini to summarize emails and conversations

From Nasdaq: 2024-07-05 10:45:00

Alphabet’s GOOGL shares have surged 33.2% this year, outperforming the sector. Google’s latest generative-AI-powered feature, Gemini, helps summarize emails and conversations in Gmail. Alphabet is expected to attract more Android users with this innovation. In addition, Google has launched Gemma 2 and NotebookLM to enhance AI capabilities, positioning itself strongly in the generative AI market forecasted to reach $36.06 billion by 2024.

Alphabet’s competitive edge in the generative AI space against rivals like Microsoft, Adobe, and Amazon is evident through its recent innovations. Microsoft integrates GPT-4, while Adobe offers Firefly models and Amazon benefits from Amazon Bedrock. Despite strong competition, Alphabet’s growing generative AI capabilities and competitive position are driving long-term growth prospects. Analysts estimate strong revenue and earnings growth for Alphabet in 2024.

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Read more at Nasdaq: Alphabet (GOOGL) Adds Generative AI-Powered Feature to Gmail