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Asian Stocks to Follow US Rally With Focus on CPI: Markets Wrap

(Bloomberg) -- Stocks in Asia are poised to follow a big tech-led rally in US benchmarks, as investors look to key inflation data later Wednesday for clues on the Federal Reserve’s next steps. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsFlood of China Used Cooking Oil Spurs Call to Hike US LeviesHow One of the World's Oldest Hedge Funds Went BankruptMacron Puts French Banks in Play With Plan to...

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MSFT

UPDATE 2-OpenAI co-founder Ilya Sutskever to exit

OpenAI co-founder and chief scientist Ilya Sutskever said on Tuesday he is leaving the ChatGPT maker. Sam Altman, CEO of the Microsoft-backed company said Jakub Pachocki will be the company's new chief scientist. Pachocki has previously served as OpenAI's director of research and led the development of GPT-4 and OpenAI Five...

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GOOGL

Google will use Gemini to detect scams during calls

For a few years now, carriers have been using lists to alert users of potential spam and scam calls as they come in. These systems are hardly foolproof. So what happens once a user picks up? At the Google I/O 2024 developer conference on Tuesday, Google previewed a feature it believes will alert users to potential scams during the call. The feature, which will be built into a future version of Android, uses Gemini Nano, the smallest version of Google’s generative AI offering, which can be run en...

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GOOGL

Google adds ‘Web’ search filter for showing old-school text links as AI rolls out

As Google revamps itself for the AI era, offering AI overviews within its search results, the company is introducing a new way to filter for just text-based links. With the new "Web" filter that appears at the top of the results page, users will be able to filter for text links the way they can today filter for images, video, news or shopping. The news was announced on Tuesday via a post on X amid the company's developer conference, Google I/O, where the company introduced a massive change to Go...

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GOOGL

Google’s image-generating AI gets an upgrade

Google’s upgrading its image-generation tech to keep apace with rivals. At the company's I/O developer conference in Mountain View on Tuesday, Google announced Imagen 3, the latest in the tech giant's Imagen generative AI model family. Demis Hassabis, CEO of DeepMind, Google's AI research division, said that Imagen 3 more accurately understands the text prompts that it translates into images versus its predecessor, Imagen 2, and is more “creative and detailed” in its generations. In addition, th...

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GOOGL

Alphabet is the ‘ultimate consumer company’: Analyst

Alphabet's Google (GOOG, GOOGL) held its highly anticipated I/O conference today, announcing new artificial intelligence initiatives. CFRA Research Senior Equity Analyst Angelo Zino joins Market Domination Overtime to discuss Google's AI moves and the future of the tech company. Google introduced new AI-powered search capabilities and Gemini capabilities. The company also announced it'll start featuring AI overviews for searches in the US by the end of the week, with rollout plans for the rest of the world set for the coming months. "They've clearly been in beta mode here over the last couple of months. They're now going full gear into it, and I think that's a good thing," Zino says. "What they're doing on the infrastructure side of things, what they announced at Google Next last month, kind of shows really they are best in class on that side of things," Zino says of Google's momentum. He adds, "Alphabet continues to be that ultimate consumer company out there, and they are essentially the internet in many respects." The company could see some disruptions as the AI competition heats up; however, Zino feels that its upcoming opportunities across all sides of the business make the stock a good pick overall. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl...

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GOOGL

Google is adding more AI to its search results

Google is adding more AI to its search, assuaging fears that the company is losing market share to competitors like ChatGPT and Perplexity. It is rolling out AI-powered overviews to users in the U.S., Google said at its Google IO 2024 developer event on Tuesday. Additionally, the company is also looking to use Gemini as an agent for things like trip planning. Liz Reid, head of search at Google, said that the company has built a custom Gemini model for search to combine real-time information, Goo...

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GOOGL

Google mentioned ‘AI’ 120+ times during its I/O keynote

It ran 110 minutes, but Google managed to reference AI a whopping 121 times during Google I/O 2024 (by its own count). CEO Sundar Pichai referenced the figure to wrap up the presentation, cheekily stating that the company was doing the "hard work" of counting for us. No surprise, of course, that the topic took center stage, but even so, it's an impressive figure for a presentation that ran roughly 110 minutes, all told. Gemini and its various iterations stole the spotlight (after preshow warmup...

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GOOGL

Google experiments with using video to search, thanks to Gemini AI

Google has already admitted that video platforms like TikTok and Instagram are eating into its core Search product, especially among younger Gen Z users. Now it aims to make searching video a bigger part of Google Search, thanks to Gemini AI. At its Google I/O developer conference on Tuesday, the company announced it will allow users to search using a video they upload combined with a text query to get an AI overview of the answers they need. The feature will initially be available as an experim...

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GOOGL

Google launches Firebase Genkit, a new open source framework for building AI-powered apps

At the Google I/O developer conference on Tuesday, Google announced an addition to its Firebase platform that aims to make it easier for developers to build AI-powered applications in JavaScript/TypeScript, with Go support coming soon. Firebase Genkit is an open source framework, using the Apache 2.0 license, that enables developers to quickly build AI into new and existing applications. Some of the use cases for Genkit that the company is highlighting Tuesday include many of the standard genera...

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