Google (GOOGL) Announces Leadership Changes to Its AI Team
Google is shaking up its AI team leadership to shift its focus towards improving the Gemini app. Sissie Hsiao, who spearheaded the team behind the Bard chatbot (now known as Gemini), is stepping down immediately with plans to return to Google in a different capacity after a short hiatus. Taking over her role will be Josh Woodward, the current head of Google Labs and the mind behind NotebookLM, a tool that transforms text into podcast-style audio.
Embracing Change for Faster Progress
In a memo from Google DeepMind CEO Demis Hassabis, it was highlighted that these changes aim to propel Google into a faster pace as the AI landscape evolves from mere model construction to the development of practical tools driven by these models. The company's primary focus now lies on the upcoming iteration of the Gemini app. In the previous year, Google moved the Gemini team under its DeepMind division to streamline its AI initiatives.
Enhancing Performance with Gemini 2.5
Not long ago, Google unveiled Gemini 2.5, its latest AI model. The company claims to have enhanced its performance by upgrading the base model and fine-tuning it through advanced training techniques. Google also emphasized its efforts to embed "thinking capabilities" directly into all models to tackle more complex challenges and bolster smarter, more intuitive AI tools.
Analyst Insights and Projections
Looking at Wall Street, analysts have assigned a Moderate Buy consensus rating to GOOGL stock, with 27 Buy ratings and 10 Holds in the past three months. Additionally, the average GOOGL price target of $212.09 per share suggests a potential upside of 34.8% from current levels.
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