Alphabet (GOOGL, Buy, $210 target) Gemini replaces GPT powering SNAP’s My AI, and other takeaways from the Gemini @ Work Event
Yesterday, Google Cloud hosted a one-day event called Gemini @ Work that featured a keynote from Google Cloud CEO Thomas Kurian, and the announcement of several new generative AI products and services.In the note we discuss the implications for our GCP estimates, the win of My AI from Open AI, and two new product features.
Alphabet is a holding company. Through its subsidiaries, the company is engaged in a collection of businesses, which its primary business is Google. The company reports all non-Google businesses collectively as Other Bets. Google's main products and platforms are Android, Chrome, Gmail, Google Drive, Google Maps, Google Play, Search, and YouTube. The company also provides advertisers with tools that help them attribute and measure their advertising campaigns. In addition, Other Bets includes Access, Calico, CapitalG, GV, Verily, Waymo, and X, among others. Other Bets primarily engages in the sales of internet and TV services through Access as well as licensing and research and development services through Verily.
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