{"id":14704,"date":"2024-08-23T09:52:05","date_gmt":"2024-08-23T09:52:05","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=14704"},"modified":"2024-08-23T09:52:05","modified_gmt":"2024-08-23T09:52:05","slug":"google-appoints-noam-shazeer-to-lead-the-gemini-ai-project","status":"publish","type":"post","link":"https:\/\/www.global-vtrader.com\/en\/analysis\/google-appoints-noam-shazeer-to-lead-the-gemini-ai-project\/","title":{"rendered":"Google appoints Noam Shazeer to lead the Gemini AI project"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Key points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Former Character.AI founder Noam Shazeer returns to Google as a co-lead for the Gemini AI project.<\/li>\n\n\n\n<li>The appointment of Shazeer by Google emphasises its commitment to advancing AI capabilities, with Gemini set to play a central role in upcoming products.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>This article is a follow-up to: <a href=\"https:\/\/www.vtmarkets.com\/analysis\/google-may-break-up-as-the-us-doj-weighs-options\/\">Google may break up as the US DOJ weighs options<\/a><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Google\u2019s latest move to reappoint Noam Shazeer as co-lead of its Gemini AI project marks a significant step in its ongoing efforts to maintain leadership in artificial intelligence. Shazeer, a former Google researcher and the founder of Character.AI, brings extensive expertise back to the company at a critical time when the tech giant is under increasing pressure to innovate in AI.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Shazeer\u2019s appointment is particularly strategic, given his pioneering work in AI, including co-authoring a seminal 2017 research paper that significantly contributed to the current AI boom. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">His return to Google, after leading a successful AI startup, highlights Google&#8217;s aggressive approach to not just developing but also retaining top AI talent. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While notable, such moves are not new &#8211; this move mirrors similar tactics by other tech giants like Amazon and Microsoft, which have also been acquiring key players in the AI space to bolster their own capabilities.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2024\/08\/20240823-173647-1024x457.jpg\" alt=\"\nThe chart for Google (GOOG) shows a recent downtrend, with the stock closing at $165.54 after hitting a high of $170.39. This 1.68% decline occurred despite the positive news surrounding Google's ambitious AI project, Gemini, which will be co-led by Shazeer.\" class=\"wp-image-14705\" style=\"width:1450px;height:auto\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><em>Picture: GOOG prices after Noam Shazeer returned to Google as co-lead for AI project, as observed on the<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\"> VT Markets app<\/a>.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">How have the markets reacted to these news? Looking at the charts, the chart for Google (GOOG) reflects a recent downtrend, with the stock closing at $165.54 after reaching a high of $170.39. This 1.68% decline comes despite these positive news about Shazeer&#8217;s appointment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From a technical perspective, the chart shows that GOOG has been trading below key Exponential Moving Averages (EMAs), particularly the 72-period EMA, indicating bearish momentum. The MACD indicator is also bearish, with the MACD line below the signal line and the histogram showing increasing negative momentum. This suggests that the stock could face further downward pressure in the short term.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the current decline, the integration of advanced AI models into Google&#8217;s product lineup could be a significant long-term growth driver. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Participants may want to watch for signs of a reversal in the stock&#8217;s momentum, particularly if more details about Gemini and its potential impact on Google&#8217;s business are released. Key support levels to monitor include $164, with resistance around $170, where the stock recently peaked.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">The Gemini AI<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Gemini, the AI project which Shazeer will co-lead, is a line of AI models being developed by Google\u2019s DeepMind division. These models are expected to be integrated into several Google products, including Search and Pixel smartphones, positioning Google to compete even more fiercely in the AI-driven market.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Google <a href=\"https:\/\/twitter.com\/search?q=%24GOOG&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$GOOG<\/a> has named former <a href=\"https:\/\/t.co\/6JaPorQSW7\">https:\/\/t.co\/6JaPorQSW7<\/a> CEO Noam Shazeer as co-technical head of Gemini, per The Information.<\/p>&mdash; Asia Tech (@asiatechwire) <a href=\"https:\/\/twitter.com\/asiatechwire\/status\/1826809429830107147?ref_src=twsrc%5Etfw\">August 23, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h1 class=\"wp-block-heading has-medium-font-size\"><strong>Outlook for Google share price<\/strong><\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">Google\u2019s decision to bring Shazeer back on board could signal an increased focus on AI innovation, which may drive positive sentiment around the stock. The integration of advanced AI models like Gemini into Google\u2019s core products could also lead to market speculation about the company\u2019s future earnings potential, particularly in AI-related revenue streams.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, market participants should also keep <a href=\"https:\/\/www.vtmarkets.com\/blog\/education\/risk-management-your-guide-to-long-term-survival-as-a-forex-trader\/\">risk management<\/a> intact, as the litigation in antitrust laws violation remains unsettled. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These legal hurdles could introduce volatility in the stock in the coming weeks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong> and<\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\"> start trading<\/a><\/strong><strong> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Google appoints former Character.AI founder Noam Shazeer to co-lead its Gemini AI project. Explore the market implications and short-term trading outlook.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[27],"tags":[33],"class_list":["post-14704","post","type-post","status-publish","format-standard","hentry","category-analysis","tag-stocks"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/14704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/comments?post=14704"}],"version-history":[{"count":0,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/posts\/14704\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/media?parent=14704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/categories?post=14704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.global-vtrader.com\/en\/wp-json\/wp\/v2\/tags?post=14704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}