10 AI News Updates You Should Not Miss

3. Alphabet Inc. (NASDAQ:GOOGL)

Number of Hedge Fund Holders: 202

Alphabet Inc. (NASDAQ:GOOG) is an American multinational technology conglomerate holding company wholly owning the internet giant Google, amongst other businesses. On February 5, Alphabet’s Google announced that it has updated its Gemini family of large language models. The updates include a new product line with competitive pricing to low-cost artificial intelligence models like that of Chinese rival DeepSeek. Gemini already offers several versions that vary in price and performance, such as the lightweight variant “Flash”. However, the new “Flash-Lite” model is even cheaper than the previous ones. Particularly on Wednesday, the company released Gemini 2.0 Flash to the general public, launched Flash-Lite, and released a new version of its flagship “Pro” model into test phases. These models come amid DeepSeek’s emergence of cheaper and efficient AI models, even though leading U.S. AI firms are saying that the total cost to develop them must have been magnitudes larger than the company claims.