After the event, Wedbush maintains its 'outperform large cap' rating on Google with a target price of $205 in 12 months.
According to Jrj Finance, Google Cloud (GOOGL.US) outlined a series of artificial intelligence agent use cases at the Google Gemini at Work event held on Tuesday. After the event, Wedbush maintains its 'outperform large cap' rating on Google with a target price of $205 in 12 months. Wedbush analyst Scott Devitt stated in an investor report: 'Following the keynote, we are more confident in Google's strength in enterprise generative artificial intelligence products and their new contribution to Google Cloud growth. Google is actively collaborating with enterprise clients to develop artificial intelligence agents for various use cases.'
Key companies of focus include Snap (SNAP.US), Volkswagen, Warner Bros. Discovery (WBD.US), and Best Buy (BBY.US). The six main applications of artificial intelligence agents used by companies include customer agents, employee agents, code agents, data agents, security agents, and creative agents.
Google reported that over 2 million developers are using Google's GenAI solution, and since the beginning of this year, the usage of Gemini API on verx AI has increased 36 times.
Devitt pointed out: 'Google is well positioned to drive the adoption of generative artificial intelligence tools because it has artificial intelligence optimized computing infrastructure supported by custom chips and unparalleled breadth of data to develop and train artificial intelligence models across text, images, and videos.'