Alphabet announced the launch of Gemini for Government Services, an AI platform designed to assist U.S. federal, state, and local government agencies. Currently in preview, the platform aims to automate administrative tasks and manage information by integrating with existing systems. The launch is part of Google’s broader strategy to roll out industry-specific AI applications.
BMO Capital raised its price target on Alphabet stock to $480 from $465 and maintained its Outperform rating. The firm cited strong growth prospects for Google Cloud and increased confidence in Alphabet’s AI execution following recent Gemini releases.
A securities class action lawsuit was also filed against Alphabet.