Alphabet shares rose nearly 5% on Wednesday after the company made several announcements on artificial intelligence at its I/O developer conference, causing its value to jump $82 billion overnight.
Google announced that it is rolling out more artificial intelligence for its core search product and also introduced a new version of its namesake engine. Revamped Google, which is called Find Generative ExperiencesCan formulate answers to open-ended questions while maintaining its own recognizable list of links to the web.
“We’re re-imagining all of our core products, including search,” Alphabet CEO Sundar Pichai said at the event.
Google’s foray into generative AI comes after startup OpenAI introduced ChatGPT.
Pichai said Google is integrating generative AI into search as well as products such as Gmail, which can create draft messages, and Google Photos, which can make changes to images such as centering images and filling in blanks. .
Meanwhile, Google has now removed the waiting list and opened up access to Bard in over 180 countries and territories, including India. The tech giant has also made Bard available in Japanese and Korean, and has promised to add 40 more languages to the mix.
Read here: Google announces new features for Bard. Know here 5 things
Alphabet shares gained 4% on Wednesday, after they’ve climbed 26% so far this year. This compares to an 8% increase in the S&P 500 Index during the same period.
(with inputs from Reuters)
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