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Alphabet's (GOOGL) Google Unveils Gemini, Boosts Gen AI Efforts – Nasdaq

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Alphabet GOOGL is firing on all cylinders in the booming AI space on the back of its continuous efforts. Its division, Google, is leaving no stone unturned to make the most of Microsoft MSFT in the generative AI game.

The latest introduction of its new, advanced, powerful, large language model (“LLM”), namely Gemini, is a testament to the same.

Alphabet’s shares rallied 5%, closing at $136.93 on Dec 7, following the launch of Gemini.

Gemini is available in three different sizes, Gemini Ultra, which is its largest and most capable one; Gemini Pro, which is designed to offer scalability across various applications; and Gemini Nano, which is designed for specific tasks and mobile devices.

Gemini Ultra is expected to be launched next year and is based on a combination of 57 subjects, such as math, physics, history, law, medicine and ethics, to name a few. It is marked as the first model to outperform human experts in massive multitask language understanding.

Meanwhile, Gemini Pro and Gemini Nano will be licensed through Google Cloud so that they can be easily accessible to developers and enterprise customers from Dec 13.

GOOGL has powered its Bard chatbot and Search Generative Experience (“SGE”) with Gemini Pro. Gemini Nano is likely to turn out to be very useful for Android developers. Pixel 8 Pro models will include Gemini Nano features.

Google plans to power its upcoming Bard Advanced with Gemini Ultra.

Alphabet Inc. Price and Consensus

Alphabet Inc. price-consensus-chart | Alphabet Inc. Quote

 

Growth Prospects

Per an Allied Market Research report, the global generative AI market’s value is likely to hit $191.8 billion by 2032, witnessing a CAGR of 34.1% between 2023 and 2032.

A Fortune Business Insights report shows that the global generative AI market size is expected to reach $667.96 billion by 2030, seeing a CAGR of 47.5% between 2023 and 2030.

We believe Alphabet remains well-poised to capitalize on this upbeat scenario on the back of Google’s latest move as well as other endeavors. Currently, Alphabet carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Google, which forayed at the beginning of this year by unveiling its chatbot Bard, recently rolled out consulting services to bolster generative AI efforts. The new offerings include advice and tools through which Google Cloud strives to aid clients in adopting generative AI techniques.

These tools are designed to help customers boost automation in their business operations by generating content and summarizing information with the power of AI.

Google is set to add an AI-powered “Help me write” feature to Chrome for Desktop use. The new feature can adjust its writing style, including “Shorten” or “Elaborate” options, as well as “Casual” or “Formal” options.

Also, it is set to add a “Help me create a list” feature to its Keep Notes app for Android, assisting users in generating lists for various tasks, including planning, packing, grocery shopping and task completion.

Google’s recent expansion of SGE across 120 countries to boost the reach of its AI-powered conversational search feature globally remains positive.

Google to Take on Microsoft

The search giant had already entered into a cut-throat competition with Microsoft on the back of Bard, a counter to ChatGPT, a chatbot from the Microsoft-backed startup OpenAI.

Now, Google is set to elevate its game with Gemini, which it expects to take down OpenAI’s next-generation LLM — GPT-4. Gemini Pro has already outperformed GPT-3.5.

On the other hand, Microsoft continues to make strong efforts to boost its generative AI capabilities. Its integration of GPT-4 into its search engine Bing and browser Edge to deliver a ChatGPT-like experience to users remains noteworthy.

Microsoft Azure offers the Azure OpenAI Service, which enables the seamless application of LLM and generative AI techniques in various use cases.

It recently announced OpenAI’s DALL-E 3 AI image-synthesis model, fully integrated with ChatGPT, which challenges previous models by rendering images with complex descriptions and handling in-image text generation.

How Are Others Placed?

In addition to Microsoft, Google’s strong generative AI efforts pose a competitive threat to companies like Meta Platforms META, Amazon AMZN and Adobe ADBE, which are also making concerted efforts to capitalize on the abovementioned prospects.

Meta forayed into the space of LLMs with its state-of-the-art foundational language model known as Large Language Model Meta AI (“Llama”). In collaboration with Microsoft, Meta unveiled the next generation of Llama, called Llama 2. The social media giant also released Code Llama, an LLM that can use text prompts to generate and discuss code.

Amazon’s AWS recently announced the general availability of its fully managed service called Amazon Bedrock. It provides seamless access to high-performing foundation models (“FM”) from AI companies through an API. The company also made the Amazon Titan Embeddings model generally available. It added Meta’s Llama 2 to Amazon Bedrock as a new model, which will be available through API.

The e-commerce giant’s investment plans in Anthropic remain noteworthy. Amazon will invest $4 billion to acquire a minority stake in Anthropic. This investment will allow AWS to provide access to Anthropic’s future FMs to its customers. These FMs will be available through Amazon Bedrock.

Meanwhile, Adobe recently announced the commercial release of its family of creative, generative AI models — Firefly.

Adobe Firefly supports text prompts in over 100 languages, helps creators make several changes to their content, creates endless variations seamlessly and bolsters image generation capabilities.

Top 5 ChatGPT Stocks Revealed

Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.

Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”

Download Free ChatGPT Stock Report Right Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Amazon.com, Inc. (AMZN) : Free Stock Analysis Report

Microsoft Corporation (MSFT) : Free Stock Analysis Report

Adobe Inc. (ADBE) : Free Stock Analysis Report

Alphabet Inc. (GOOGL) : Free Stock Analysis Report

Meta Platforms, Inc. (META) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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How Puzzle Mechanics Are Changing the Way We Play Online Slots

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Online slots have long been a favorite for casual gamers and seasoned bettors alike, offering simple gameplay combined with the thrill of potential rewards. However, as the landscape of online gaming continues to evolve, a new wave of slot games is emerging—one that incorporates puzzle mechanics into the traditional reel-spinning experience. These puzzle-based slots are changing the way players engage with the game, offering more interactive and challenging gameplay that goes beyond the usual spin-and-win formula.

 

In this article, we’ll explore how puzzle mechanics are transforming the world of online slots, why they are gaining popularity, and what players can expect from this innovative trend.

The Evolution of Online Slots

A Brief History of Slot Games

Slots have come a long way since the days of mechanical machines with just three reels and a lever to pull. The digital transformation brought these games online, making them more accessible and varied. Early online slot games mimicked the physical versions, with similar symbols and basic gameplay. As technology advanced, developers began incorporating themes, storylines, and special features like bonus rounds and free spins, making online slots more immersive than ever before.

What Are Puzzle Mechanics?

Puzzle mechanics in games are features that require players to solve problems, think strategically, or perform certain actions in a specific sequence to progress. Popular in genres like adventure or mobile games, puzzle mechanics are now finding their way into online slots. Instead of relying solely on luck, players can now enjoy a more engaging and mentally stimulating experience by solving puzzles while they spin the reels.

 

In puzzle-based slots, players might be required to match symbols in a certain way, clear the board, or complete a specific objective to unlock rewards. These mechanics provide an added challenge, requiring not just chance but also skill and strategy.

How Puzzle Mechanics Enhance Online Slots?

Increased Player Engagement

One of the key reasons puzzle mechanics are gaining popularity in online slots is that they significantly increase player engagement. Slot gacor hari ini can become repetitive after a while, with players simply pressing a button and waiting for the outcome. Puzzle elements, on the other hand, give players more control and decision-making opportunities during gameplay.

 

By combining skill and chance, puzzle mechanics keep players invested longer. Each spin becomes part of a larger strategy to solve the puzzle, giving players a sense of accomplishment when they succeed.

More Rewarding Experiences

Puzzle mechanics also create a more rewarding experience. In many of these games, completing a puzzle or solving a problem leads to bigger bonuses, extra spins, or unlocking new levels within the game. This contrasts with traditional slots, where payouts are often random and disconnected from the player’s actions.

 

In puzzle-based slots, players may be able to unlock progressive rewards by completing various stages, making each win feel more earned. The satisfaction of solving a puzzle adds an extra layer of excitement, as it’s not just about hitting the jackpot but also about progressing through the game.

A Shift in Focus: From Luck to Strategy

While luck still plays a significant role in puzzle-based slots, the introduction of strategy adds a new dimension to the gameplay. In traditional slots, outcomes are purely based on chance, with random number generators (RNG) determining the result of each spin. Puzzle mechanics shift the focus by giving players more agency over the game’s outcome.

Examples of Puzzle-Based Slot Games

Popular Titles Leading the Way

Several puzzle-based slot games are already making waves in the industry. These games combine the familiar elements of online slots with puzzle-solving features, creating a unique and exciting experience for players.

 

  • Gonzo’s Quest: One of the most popular examples of a puzzle-based slot game, Gonzo’s Quest by NetEnt, incorporates cascading reels and multipliers that increase with each consecutive win. Players must clear symbols to uncover hidden treasures, and the puzzle-like gameplay makes each spin more strategic.
  • Finn and the Swirly Spin: Another example from NetEnt, this slot uses a spiral mechanic where symbols move in a swirl rather than traditional paylines. Players must clear symbols in a specific order to unlock features, creating a puzzle-like experience that requires more than just pressing spin.
  • Reactoonz: This game by Play’n GO features a grid layout rather than traditional reels, with symbols that explode and collapse to form winning combinations. Players must think ahead to trigger special bonuses by clearing enough symbols, making the gameplay highly interactive.

 

These titles are just a few examples of how puzzle mechanics are being incorporated into slot games, offering players more than just a reliance on luck.

Conclusion

Puzzle mechanics are changing the way we play online slots by adding a layer of complexity and interaction that wasn’t previously available. These games offer more engaging, rewarding, and strategic experiences, appealing to both casual players and those looking for a more involved gaming session. As the trend continues to grow, puzzle-based slots will likely become a staple in the world of online gaming, revolutionizing how we think about and play these classic games.

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Business

Payments tech company Lightspeed Commerce conducting strategic review of business

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MONTREAL – Lightspeed Commerce Inc. says it is conducting a review of its business and operations including talks relating to a range of potential strategic alternatives.

The Montreal-based payments technology company made the comments after reports concerning a potential transaction involving the company.

Lightspeed says it periodically undertakes a review of its business and operations with a view of realizing its full potential.

A strategic review is often seen by investors as a prelude to a sale by a company.

Lightspeed says its board of directors is committed to acting in the best interests of the company and its stakeholders.

Company founder Dax Dasilva returned to the role of chief executive officer earlier this year and has been working to return the company to profitability.

This report by The Canadian Press was first published Sept. 26, 2024.

Companies in this story: (TSX:LSPD)

The Canadian Press. All rights reserved.

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Economy

Bank of Canada trying to figure out how AI might affect inflation, Macklem says

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OTTAWA – Bank of Canada governor Tiff Macklem says there is a lot of uncertainty around how artificial intelligence could affect the economy moving forward, including the labour market and price growth.

In a speech in Toronto at the Economics of Artificial Intelligence Conference, the governor said Friday that the central bank is approaching the issue cautiously to get a better understanding of how AI could affect its job of keeping inflation low and stable.

“Be wary of anyone who claims to know where AI will take us. There is too much uncertainty to be confident,” Macklem said in prepared remarks.

“We don’t know how quickly AI will continue to advance. And we don’t know the timing and extent of its economic and social impacts.”

The governor said AI has the potential of increasing labour productivity, which would raise living standards and grow the economy without boosting inflation.

In the short-term, he said investment in AI is adding to demand and could be inflationary.

However, Macklem also highlighted more pessimistic scenarios, where AI could destroy more jobs than it creates or lead to less competition rather than more.

The governor called on academics and businesses to work together to shed more light on the potential effects of AI on the economy.

“When you enter a dark room, you don’t go charging in. You cautiously feel your way around. And you try to find the light switch. That is what we are doing. What we central bankers need is more light,” he said.

This report by The Canadian Press was first published Sept. 20, 2024.

The Canadian Press. All rights reserved.

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