Tangent
Google shares fell 3.4% to $343.89 about an hour before the closing bell Tuesday, pacing for an 8.4% decline in the past five trading sessions. However, the tech giant’s stock is up 9.6% on the year.
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Big Number
150 million. That is the number of images Gemini generates every day, according to Google, which noted the image generation tool is growing in popularity with small businesses.
Key Background
Google launched the Gemini app in 2024 and has since embedded the AI assistant into features including its web browser, Android phones and Google Workspace, its productivity suite that includes Drive, Docs, Sheets and more. Gemini’s growing user base further pits the AI assistant against OpenAI’s ChatGPT, which reached 1 billion monthly active users in May, according to multiple outlets, the first AI chatbot to hit the benchmark. While Anthropic’s Claude assistant has yet to match the sheer number of monthly active users notched by Gemini and ChatGPT, its growth has been white hot. As of the second quarter of this year, Claude’s 56 million global monthly active users represents a 640% spike year-over-year, Reuters reported.
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Further Reading
950 Million People Now Use Gemini Each Month As Alphabet Posts Earnings Beat (Forbes)
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