Artificial Intelligence Revolution: Giant Tech Firms Consider Collaboration on a New Voice Assistant
Two tech giants are reportedly in discussions about joining forces to create a new version of a popular voice assistant using advanced artificial intelligence (AI). The primary aim is to enhance the user experience and compete with other AI technologies on the market.
New AI Model May Power Next-Gen Voice Assistant
The tech companies intend to use a cutting-edge AI model known as Gemini to fuel their revamped voice assistant. This new AI model, expected to be the backbone of the voice assistant's next version, is set to debut next year.
The CEO of the company behind Gemini expressed optimism during a recent court hearing about potentially striking a licensing agreement with their counterpart. This would allow the use of Gemini for the voice assistant.
Updates and Improvements for the Voice Assistant on the Horizon
Usually, the company that created the voice assistant holds its annual event in autumn, where it typically unveils new models and upgrades. It is speculated that this year's event might bring significant improvements to the voice assistant.
Historically, the company has been slow to integrate generative AI technology into its voice assistant. This new technology is becoming increasingly prevalent in the industry, with Gemini being a strong competitor to other AI chatbots.
Last year, the tech giant introduced new AI features dubbed "Intelligence," but it fell short of impressing users. Changes in the technological landscape, including the rise of generative AI and competition from other AI chatbots, have motivated them to reevaluate their search results strategy.
Financial Market Reacts Positively to Potential AI Collaboration
News of the potential collaboration between the two tech giants seems to have resonated well with the stock market. Both companies have seen an increase in their stock value, with one company's stocks rising by 3.2% to close at 208.09, and the other's climbing by 1.3% to close at 227.76.
Meanwhile, another tech giant, known for its extensive social media platforms, has inked a six-year deal with the company behind Gemini for cloud computing services. This partnership will primarily focus on enhancing AI capabilities and more.
Improved Performance and Expectations for Future
After a sluggish start to the year, the company behind the Gemini AI model has seen its stock value increase by almost 9%. It has also achieved a Composite Rating of 95 out of a possible 99, indicating a strong combination of both fundamental and technical performance.
Furthermore, this company has an Accumulation/Distribution Rating of B-minus. This rating, which evaluates price and volume changes over the past 13 weeks, suggests a trend towards buying rather than selling among large institutional investors.
Keeping an Eye on the Future of AI
As these tech giants continue to innovate and explore the potential of AI, it's an exciting time for the industry and consumers alike. The potential collaboration on a next-gen voice assistant is just one of many developments to watch out for in the world of artificial intelligence, cybersecurity, and cloud computing.