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#GoogleDoublesDownOnGemini
Google is making some changes in the people who are in charge of its artificial intelligence team. The person in charge of DeepMind is now going to be the chairman and his second in command is going to be in charge of the day to day work. This change is a sign that Google is focusing on its Gemini model and trying to compete with OpenAI and Anthropic.
What does this change mean?
Well when a company does this it usually means they want to separate the people who think about the picture from the people who have to get things done right now. This can help the company make products faster and be more accountable for what they are doing. It looks like Google is treating Gemini as the important model right now.
The artificial intelligence field is very competitive. Companies are always releasing models and trying to get businesses to use them. Google has a lot of advantages like a lot of data and good infrastructure. The question is can they move fast enough to compete with OpenAI and Anthropic. This change in leadership is a way for Google to try to answer that question.
If we look at the stock chart for Google we can see that the price is around 343.50. This is after the price went up and down for a while. The price is a little below the price over the last 50 and 200 days. There is a resistance level around 370 which means it might be hard for the price to go above that. The RSI is around 42-43 which is a sign and the MACD is a little negative but getting closer to zero. This means the market is not really going up or down now it is just moving sideways.
So what does this change in leadership mean for the price of Googles stock?
It is not a guarantee that the company will do better. It could be a sign that the company is going to focus more on what it needs to do. The chart is not showing a trend right now it is just moving sideways. What happens next will depend on if Google can make its Gemini model better and get businesses to use it and if the price can go back above 350-355.
In my opinion Google is trying to focus on its Gemini model and compete with other companies. The change in leadership is a sign of this. The chart is not showing a trend right now but we will have to wait and see if this change helps Google do better.
This is my thoughts, on what is happening it is not a recommendation to buy or sell anything.
#GoogleGemini #AICompetition #GOOGL
$GOOGL