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What to expect from Tuesday's Google I/O developer conference

What to expect from Tuesday's Google I/O developer conference


Key Takeaways Alphabet Inc.'s Google will hold its annual developer conference, Google I/O, on Tuesday. Similar to its 2023 conference, Google is likely to present updates on its efforts in artificial intelligence (AI) at the event. Analysts suggested the event could lead to further results. Google offers more details on how it has integrated AI into Google Search, as Microsoft-backed OpenAI reportedly plans to unveil an AI-powered search engine that could increase competition There is a possibility that it will.

Alphabet (GOOGL)'s Google is set to hold its annual developer conference on Tuesday, and investors are likely to be paying close attention to the latest information related to artificial intelligence (AI).

AI took center stage at the 2023 Google I/O conference, and the company highlighted Bard, its AI chatbot. Bard has since been rebranded to Gemini. The company also announced AI integration into existing products and services, such as maps, as well as photo editing tools developed in collaboration with Adobe (ADBE).

Google could use this year's conference to announce new AI features and initiatives, as well as new details about the companies it's partnering with to advance its AI products.

AI monetization plans may become clearer

Analysts suggested the event could also shed more light on Google's AI monetization plans as the tech giant seeks to secure its place in the AI ​​race.

“We expect the path to monetization to become clearer,” Melius Research analysts said at the conference. Analysts at Bank of America said that “updates to Google's AI platform for developers in I/O” could be a “potential AI catalyst.”

Integrating AI into Google Search as OpenAI expected to announce AI search tool

Several AI-focused sessions will be held during the I/O conference. The session, called “Web AI: New models, tools, and APIs for the next web app,” revealed that Microsoft-backed (MSFT) OpenAI plans to announce AI products that could negatively impact Google. may be of particular interest to you.

OpenAI is reportedly expected to unveil an AI-powered search engine that could rival Google's products ahead of the I/O conference.

Alphabet stock closed 0.8% lower at $168.65 on Friday. The stock price has increased nearly 21% since the beginning of 2024.




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