Boosted by the official release of its heavyweight artificial intelligence model Gemini 3, Alphabet’s (GOOGL) stock price rose about 3% on Wednesday, reaching a record high. This market performance highlights investors’ recognition of the company’s competitive strength and development prospects in the field of artificial intelligence. As an internet search giant, Alphabet is rapidly establishing its position as a leading provider in the AI domain.
CEO Sundar Pichai elaborated on the vast scale of the AI business’s development through the company’s official channels. Data shows that Google’s AI Overviews search service has reached 200 million monthly active users, while its Gemini AI assistant application has surpassed 65 million monthly active users. On the commercial application front, over 70% of Google Cloud customers are using its AI services, and more than 1.3 million developers are relying on its generative AI models for product development. Pichai emphasized that the current scale of application is only a preliminary manifestation of its future potential.
The newly released Gemini 3 model is positioned as Alphabet’s most intelligent AI system to date. This model possesses powerful multimodal information processing capabilities, enabling it to seamlessly integrate various types of data inputs such as text, images, video, audio, and code. In terms of performance, Gemini 3 offers leading reasoning capabilities, allowing it to more accurately understand the contextual meaning of user requests, thereby reducing reliance on prompts. Its performance significantly surpasses that of its predecessor across multiple benchmarks, including mathematical reasoning, scientific knowledge, programming capabilities, and factual accuracy. Furthermore, the model strives for a direct and concise response style, avoiding the redundant expressions common in similar models, thus enhancing the user experience. These new features are now available to users through the AI mode of its search browser, the Gemini application, and the developer platform.
Looking back, Alphabet has repeatedly faced market concerns about potential erosion of its market share but has ultimately consolidated its position through technological integration and business innovation. Earlier this year, when the industry discussed how generative AI might disrupt traditional search models, the company successfully integrated the AI search overview feature into its core platform, ensuring its competitiveness in the next phase of search technology development. Beyond its core search business, Alphabet’s long-term strategic deployments in areas such as cloud computing, the autonomous vehicle venture Waymo, and quantum computing also help maintain its overall market position. Although these emerging businesses hold growth potential, the Google search business remains the core pillar of the company’s development for now. This mature business continued to show strong momentum in the third quarter, with revenue increasing 15% year-over-year to $56.6 billion. This achievement is particularly notable for a business of its scale, indicating that the company is poised to maintain strong growth momentum for the foreseeable future.
