Google is making significant strides in generative artificial intelligence with its Gemini app, which recently topped the App Store’s free apps chart, surpassing ChatGPT. The introduction of the updated 2.5 Flash Image AI model, featuring the innovative Nano Banana image editing tool, has attracted 13 million new users, contributing to a total of 450 million monthly active users as of July. Users have uploaded an impressive 500 million images, prompting Gemini’s team to implement temporary usage limits due to high demand. This surge in popularity has not only improved user engagement but also increased investor interest, landing Alphabet in the elite $3 trillion club alongside Nvidia, Microsoft, and Apple. Alphabet’s stock has seen a remarkable 33% increase in 2023, outpacing the Nasdaq’s 16% gain. Google’s favorable antitrust victory regarding its Chrome browser further strengthens its position in the competitive AI landscape.
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