What is your sign?
This may be one of the cheesiest pick-up lines ever, but astrology devotees say they can gain insight into someone's personality and habits through their zodiac sign.
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Leos are said to be tremendously proud and confident, while Scorpios are described as intelligent, cunning and stoic.
And then there is Gemini, the third sign of the zodiac, represented by the twins Castor and Pollux. People with this sign are said to be intelligent and loyal and display an ability to acquire knowledge quickly.
NASA called its 1960s two-person space capsule Project Gemini because the craft could carry two astronauts. And late last year, Google's parent company Alphabet Inc. (GOOGL) He called his next-generation ai model Gemini because the ability to learn quickly will be so useful.
On June 24, Alphabet announced that Gemini would launch as an integrated option for Gmail on the web and mobile app to help users respond to emails or summarize existing email threads. Other apps: to answer questions and find specific details about emails in the Gmail inbox and files saved in Google Drive.
Alphabet CEO Pichai: Developers are 'embracing Gemini'
“While Gemini in Gmail helps you view, understand and respond to email content, it also connects to other Workspace apps like Docs, Sheets, Slides and Drive,” Alphabet said in a statement. blog entry.
Alphabet CEO Sundar Pichai spoke about Gemini, originally known as Bard, during the company's press conference. first quarter earnings call in April.
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“In February, we launched Gemini 1.5 Pro, which shows dramatic performance improvements across multiple dimensions,” Pichai told analysts. “It includes a major advance in long-term context understanding, achieving the longest context window of any large-scale baseline model to date.”
“When you combine this with Gemini’s native multimodal understanding across audio, video, text code, and more, you get a huge amount of capability,” he continued. “We’re already seeing developers and enterprise customers enthusiastically adopting Gemini 1.5 and using it for a wide range of things.”
The search engine giant reported first-quarter earnings of $1.89 per share, up from $1.17 a year earlier and well above the FactSet consensus of $1.51 a share. Revenue totaled $80.5 billion, up from $69.8 billion a year earlier and beating the FactSet forecast of $78.74 billion.
“We are committed to making the investments necessary to stay ahead in technical infrastructure,” Pichai said. “That can be seen in our increased capital expenditures. This will fuel growth in the cloud, help us push the boundaries of ai models, and enable innovation across all of our services, especially in search.”
Alphabet is scheduled to report its second-quarter earnings on July 23.
Wells Fargo analyst Ken Gawrelski on July 8 raised the investment firm’s price target on Alphabet to $187 from $168 and maintained an equal-weight (effectively neutral) rating on the stock. The analyst said he expected a strong second quarter, but that the catalyst path looks more challenging.
B of A analyst “positive on Gemini integration”
The analyst said a repeat of the level at which first-quarter results beat estimates is less likely given continued tepid search checks and the CFO's comment about tough comps. He referenced CFO Ruth Porat's comment last year that the tech company faced “very tough comps in 2021 given the massive recovery from the pandemic.”
Porat was more upbeat in April, telling analysts that “we are very pleased with our first quarter financial results, driven in particular by strength in search and cloud, as well as ongoing efforts to durably redesign our cost base.”
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Meanwhile, Bank of America Securities analyst Justin Post and his team said Google gained share both globally and in the U.S. in June, marking the second month in a row and suggesting that ai insights into search could be helping its usage.
“We remain optimistic about Gemini’s growing integration into the Google ecosystem and believe the broader rollout of ai overviews will likely help drive increased usage, while ai integration may increase monetization across Google,” Post said. “Additionally, with a focus on expense management, we believe year-over-year margin growth in 2024 will be a bright spot and a potential driver of earnings per share growth.”
Post affirmed a buy rating and a $200 price target for Alphabet. He said risks to Alphabet this year include the launch of a new web search product from Microsoft's OpenAI. (MSFT) backed creators of ChatGBT.
The analyst said the investment firm does not see a major threat from Perplexity ai, the conversational search and research engine powered by an artificial intelligence chatbot that launched in 2022.
Other potential risks posed this year include the U.S. Justice Department’s so-called ad tech trial, in which the government accuses Google of monopolizing key digital advertising technologies, collectively known as the ad tech stack. Website publishers rely on that stack to sell ads, and advertisers rely on it to buy ads.
In addition, Post said a ruling is expected in the Justice Department's search engine case in the fourth quarter. In this case, the Justice Department, along with several states, alleges that Google has an illegal monopoly in the search engine market.
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