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TLDR:
- Google showcases latest AI advancements at Google I/O 2024 conference
- Competition with OpenAI and Microsoft intensifies in the AI space
Google used its annual developers’ conference, Google I/O 2024, to highlight its advancements in artificial intelligence, specifically focusing on its Gemini family of AI models. CEO Sundar Pichai announced the revamping of the search engine with a new “AI Overview” function and introduced a feature called “Ask Photos” for Google Photos, utilizing AI to access images and memories quickly. The company also rolled out Gemini 1.5 Pro model and teased Veo, its most powerful AI model yet for creating videos on command.
The new AI features will help investors evaluate Alphabet’s progress in the competitive AI landscape, where Google is pitted against Microsoft-backed OpenAI and other competitors. The company showcased a scaled-down version of Gemini called 1.5 Flash, aimed at speeding up responses and lowering deployment costs. This demonstration came shortly after OpenAI announced its new model, GPT-40.
Google’s focus on AI showcases its commitment to advancing technology and staying ahead in the AI race, highlighting the importance of AI capabilities in driving innovation and competition in the tech industry.
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