Google unveils its AI vision for the future

TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and Google’s latest updates to its AI tools.

Transcript

00:00 I'm Conway Gittins reporting from the New York Stock Exchange.

00:02 Here's what we're watching on the street today.

00:04 Investors are reacting to key inflation data.

00:07 Consumer prices rose 3.4% in April from a year ago,

00:12 a slight downtick from the 3.5% in March.

00:16 That was in line with analysts' expectations.

00:19 This report comes just a day after another inflation

00:22 report which showed hotter than expected producer prices.

00:26 The data will be key when the Federal Reserve makes

00:28 its next interest rate decision in June.

00:32 Turning to tech, Google has unveiled

00:34 its version of the future.

00:36 At its annual Google I/O conference,

00:38 the company showed off its newest artificial intelligence

00:41 model, the Gemini 1.5 Pro.

00:44 Google wants you to be able to integrate AI

00:46 into your everyday life, helping with things

00:49 like schedule making, finding missing items,

00:51 and interacting with others.

00:54 CEO Sundar Pichai showed off the Gemini 1.5 Pro's capabilities,

00:58 demonstrating how it can summarize a group of emails

01:01 and ask to find a specific photo from way back in your camera

01:05 roll.

01:06 The updated model also allows users

01:08 to ask more pointed questions and receive

01:11 a response of their choosing, either in-depth or a summarized

01:14 version.

01:15 Google also unveiled its Project Astra,

01:18 which taps a user's phone camera and allows

01:21 it to ask questions about anything in the phone's sites.

01:25 Google said it does not have a timeline

01:26 for Astra's public release.

01:28 After the event, Pichai wrote, quote,

01:30 "Still, we are in the early days of the AI platform shift.

01:34 We see so much opportunity ahead for creators, for developers,

01:37 for startups, for everyone.

01:39 Helping to drive those opportunities

01:41 is what our Gemini era is all about."

01:44 And that'll do it for your daily briefing from the New York

01:46 Stock Exchange.

01:47 I'm Conway Gittins with the Street.

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