Investing.com -- Google's CEO Sundar Pichai is confident that the company's Gemini AI technology is the best in the market. His next goal is to convince consumers to use it. Pichai has expressed his intention to have the chatbot, which is built on Gemini AI technology, used by 500 million people by the end of 2025, sources familiar with the matter told the Wall Street Journal.
Google has not disclosed the current user base for Gemini. However, its competitor, ChatGPT, boasts approximately 300 million weekly users. As of Wednesday, the Gemini app was the 54th most downloaded free app on iPhones, while ChatGPT held the fourth position.
Pichai's ambition reflects Google's determination to surpass its competitors in the artificial intelligence field. The company's chief executive believes that Google's AI technology has outperformed its competitors, and now the focus is on expanding its user base.
In other recent news, Alphabet (NASDAQ:GOOGL), parent company of Google, is under investigation by the UK's Competition and Markets Authority over its search services' potential impact on competition. This follows the establishment of a new digital-markets regime in the UK. Stifel analysts have recently reiterated a Buy rating for Alphabet, adjusting their price target in light of recent developments. The firm anticipates that Alphabet and META could capture the majority of redirected ad spend if TikTok faces unfavorable outcomes.
In a partnership with Google Cloud, Mercedes-Benz (OTC:MBGAF) has enhanced the MBUX Virtual Assistant in its vehicles with advanced AI capabilities. This is expected to debut with the new CLA series and provide drivers with more detailed and personalized responses during navigation.
The Supreme Court is hearing arguments regarding a potential TikTok ban in the U.S., which could impact companies like Meta (NASDAQ:META), Oracle (NYSE:ORCL), and Alphabet. Piper Sandler has reaffirmed Alphabet as one of its top stock picks for 2025, despite potential anti-trust penalties. These developments reflect recent shifts and trends impacting Alphabet's operations and market position.
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