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Alphabet soars as Wall Street cheers arrival of AI model Gemini

Alphabet shares ended 5.3% higher on Thursday as Wall Street cheered the launch of Gemini, saying the new artificial intelligence model could help narrow the gap in a race with Microsoft-backed OpenAI. Long considered a leader in AI research, Alphabet lost the spotlight when OpenAI's ChatGPT swept the tech landscape upon its launch in November last year and allowed Microsoft to aggressively roll out AI-powered software to businesses. Now, Gemini looks poised to boost Alphabet's AI heft again. The Google parent said the much-awaited AI system was faster than OpenAI's latest model and can process different forms of media such as video, audio and text. It comes in three versions, each designed to use a different amount of processing power. "Google is beginning to address investor concerns around generative AI innovation and the high cost of running GenAI model s through the combination of Gemini's different model sizes," J.P. Morgan analysts said...

Meta releases AI model that can identify items within images

Facebook-owner Meta published an artificial intelligence model on Wednesday that can pick out individual objects from within an image , along with a dataset of image annotations that it said was the largest ever of its kind. The company's research division said in a blog post that its Segment Anything Model, or SAM, could identify objects in images and videos even in cases where it had not encountered those items in its training. Using SAM, objects can be selected by clicking on them or writing text prompts. In one demonstration, writing the word "cat" prompted the tool to draw boxes around each of several cats in a photo. Big tech companies have been trum Pet ing their artificial intelligence breakthroughs since Microsoft-backed OpenAI's ChatGPT chatbot became a sensation in the fall, triggering a wave of investments and a race to dominate the space. Meta has teased several features that deploy the type of generative AI popularized by ChatGP...