On 21st February, Googleâs AI (Gemini) made a mistake.
Google immediately lost $90 billion from its market cap.
Peopleâs thinking: Because their AI made a mistake, Google doesnât know how to make AI. RIP Google.
The same thing happened last year in February.
Googleâs AI(Bard) made a mistake and Google lost $100 billion from its market cap.
Two important lessons here:
1. February is a bad time for Google.
2. People are massively underestimating Googleâs AI power.
Gemini is an incredibly powerful AI.
It has a capacity of 10 lakh tokens, compared to GPT4âs 1 lakh tokens.
Its 20 times cheaper than GPT4.
It beats GPT-4 on 30 out of 32 AI performance tests(benchmarks).
The second version(Gemini 1.5) is even more amazing.
It can analyze hour-long videos, 30,000 lines of code, and make $100 billion losses in market cap.
People were afraid that ChatGPT will disrupt Google Search.
But people forget that Google Search has faced multiple disruptions over the last 20 years and it won every time.
(List of disruptions: desktop to mobile shift, social media, verticalized search)
To fight the AI disruption, Google launched Search Generative Experience.
It gives an AI generated answer to your google search so that you donât have to click on ten blue links.
Not just Search, Google is putting AI into all its products: Gmail, Maps, Photos, Docs, Assistant, Cloud, and Pixel smartphones.
Pixel 8 phone uses Gemini for AI features like smart recording, smart reply, etc.
Bloomberg reported that Apple is talking with Google to use Gemini in iPhones.
Samsung signed an exclusive multi-year deal with Google to use Gemini in Samsung phones.
This year, Samsungâs S24 series phones are using Gemini for AI features like Circle To Search, Magic Compose, live-translate phone calls, transcribe voice recordings, summarise web articles, fix handwriting.
Samsung phones are also using Googleâs Imagen2 AI for photo editing features.
Still think RIP Google?
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