Alphabet Inc. is set to reveal numerous artificial intelligence (AI) product enhancements at the upcoming Google I/O conference
Scheduled to start on May 10th, the company can hardly afford to ignore AI at this year’s event. It also faces the challenge of demonstrating leadership in the field to avoid losing ground to the OpenAI-Microsoft collaboration.
Alphabet also hopes to make up ground after shares dove after Google AI chatbot Bard flubs answer in their corporate ad. To contrast, following the tremendous success of ChatGPT, Microsoft solidified its partnership with OpenAI. With a long-term, multi-billion-dollar investment Microsoft has been actively integrating AI into its product lineup.
In contrast, Alphabet has been perceived as lagging behind, with its Bard AI experiencing some initial setbacks at launch and a slow rollout. This could change as the company plans to reveal a series of updates at the forthcoming event. The announcement could potentially boost Alphabet’s stock. As the parent company of Google, any advancements in AI technology and positive reception of these updates might increase investor confidence in Alphabet:
GOOGL stock chart by TradingView
What to expect at Google I/O:
CNBC reports that Alphabet is anticipated to concentrate on AI and its products’ ability to “empower individuals to achieve their full potential.” Based on documents viewed by the media outlet, Google will showcase “generative experiences” in Bard and Search operations utilizing AI.
This will likely involve using Bard to demonstrate its proficiency in coding, mathematics, and logic, indicating that the AI is on par with its OpenAI counterpart. However, the CNBC report also mentioned that Google would display the AI’s expertise in following prompts in Korean and Japanese.
Alphabet plans to reveal AI advancements at Google I/O event, Bard could gain more prominence. Google is preparing to unveil a range of AI updates. The multilingual capability stems from its general-purpose large language model, an upgraded version to be introduced at the event. PaLM2 supports over 100 languages.