The AI battle is heating up with Google's debut of Gemini and other developments such as Microsoft Copilot's new coding and multimodal search capabilities, Elon Musk's xAI seeking to raise $1B, and Meta's new generative AI features for consumers. Meanwhile, in enterprise and next-gen computing, AMD's MI300X AI chips have hit general availability, Dell has debuted new PowerScale storage systems and AI-focused software upgrades, and IBM has unveiled its next-gen 133-qubit Heron quantum processor and its first modular quantum computer.
Key takeaways:
- Google has entered the generative AI race with its new AI model, Gemini, which is currently only partially available and receiving mixed reviews.
- Other AI models, including Elon Musk’s Grok, are also promising more features in the future, making the AI race more competitive.
- Enterprise earnings this week were mixed, with some companies like MongoDB performing well but not receiving much investor interest, while others like Broadcom, Box, and C3.ai are struggling with slow enterprise demand.
- Google's introduction of Gemini has raised Alphabet’s stock by 5%, but the model has been criticized for its flaws and potentially misleading promotional video.