Motley Fool Money Alphabet’s Gemini, At Your Service
Dec 8, 2023
Bethany McLean, renowned journalist and author of "The Big Fail," joins the discussion to reflect on the pandemic's lasting effects on households and businesses. She shares insights on how we responded to COVID and the challenges that emerged. The conversation also touches on Google's new AI model, Gemini, and how it aims to compete with OpenAI's ChatGPT. Additionally, the podcast dives into Chewy's ascent in the pet pharmacy market and the resilience of brands like Lululemon amid economic uncertainty.
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Episode notes
Jobs Report Breakdown
- The jobs report was stronger than expected, with more jobs created and unemployment ticking down to 3.7%.
- However, wage growth, a key inflation indicator, remains moderate at 4% year over year.
Gemini Launch Impact
- Alphabet launched Gemini, its AI model, within its chatbot Bard, leading to a 5% stock increase.
- Gemini aims to enhance Google Cloud services and compete with OpenAI and Microsoft in the AI space.
GameStop's Investment Strategy
- GameStop announced that its leadership can use company cash to invest in public companies.
- This unusual move raises concerns, given GameStop's struggling core business and potential conflicts of interest.
