Alphabet Slashes Gemini AI Model Prices Amidst Competitive AI Developments
Summary:
Alphabet, Google's parent company, recently announced a significant cost reduction for a version of its AI model, Gemini. The move aims to enhance accessibility for developers and coincides with the release of tools for creating Gemini's customized versions. This decision follows a series of accuracy allegations post the comparison between Google's Gemini and OpenAI's GPT-4 model. In response to the scrutiny, Google admitted to exaggerating some promotional content. The announcement comes amidst tech giants like Amazon and Meta introducing their AI models competing with OpenAI's ChatGPT.
On December 13, Alphabet, Google's holding company, announced a significant price reduction for a version of its top-tier artificial intelligence (AI) model, Gemini, aimed at increasing its accessibility for developers. Reports suggest that the professional version of Gemini experienced a price drop of 25-50% compared to its cost in June. Unveiled in three different versions on December 6, the top-tier Gemini model boasts superior reasoning and understanding capabilities when compared to previous Google technologies, along with enhanced video and audio processing capacities. The high-octane version of Gemini is purportedly being prepared for usage within data centers, while the remaining versions are being adapted for personal devices and integration into Google's application suite. Besides reducing costs, Alphabet also plans to make its tools accessible to developers for creating customized variations of Gemini. Coinciding with these announcements, on November 6, OpenAI's ChatGPT introduced a feature enabling premium subscribers to design custom GPTs. Related: In an ARK Invest analysis, it's revealed that open-source AI models can outperform private ones like Chat-GPT. The release of Gemini sparked excitement and controversy. Initially, the product was launched with a comparative reference to OpenAI's GPT-4, gaining the moniker "GPT killer." However, online critics began scrutinizing Google's alleged heightened performance and shared task comparisons for both models which indicated higher accuracy levels from OpenAI's model. Critics accused Google of falsifying its abilities and editing videos to showcase superior results. On December 11, Google executives conceded that for the sake of conciseness, some promotional material was exaggerated. With the public release of OpenAI's ChatGPT in November 2022, major tech corporations worldwide are vying to create and deploy competing AI models. Amazon launched its ChatGPT rival, "Q," on November 28, designed explicitly for business use. Meta - the head company of Facebook and Instagram - unveiled its competition named Llama 2 earlier this year, while Elon Musk introduced his AI chatbot Grok. Magazine: Crypto-based AI markets and AI financial analysis showcase real AI applications in crypto.
Published At
12/14/2023 4:46:43 PM
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