Why Is Google Parent Alphabet Stock Soaring Today?

Alphabet Inc GOOG GOOGL Google stock is trading higher Thursday after integrating Gemini AI, its most advanced AI model, into Google's chatbot Bard, currently available in English. 

In the upcoming months, Google plans to extend Gemini's presence to other products, including Pixel 8 smartphones, generative search, and Chrome, with a more advanced version slated for 2024, pending thorough trust and safety evaluations.

Gemini, crafted to perform intricate tasks ranging from language comprehension to problem-solving, marks a significant leap in AI technology. 

Created by Google Deepmind, Gemini will feature three distinct versions – Ultra, Pro, and Nano – each offering different capabilities.

The latest version of Gemini, a specialized iteration of Gemini Pro, enhances Bard by improving its summarizing, writing, brainstorming, and planning abilities. This development signifies a key progression in Google's AI capabilities.

Meanwhile, TikTok parent ByteDance is gearing up to launch a large language model (LLM) that it claims is more powerful than Google's Gemini.

Also Read: Google's Bard AI Chatbot Gets Smarter with Gmail, Google Docs, and YouTube Integration

Also Read: Google, Nvidia Collaborate On AI Expansion In Strategic Play Against Microsoft

Price Actions: GOOG shares are trading higher by 6.16% at $139.53 on the last check Thursday.