Alphabet Slides 4.44% as Google Delays Gemini 3.5 Pro Launch

According to Bloomberg, on July 16, Alphabet's stock fell 4.44% to $354.46 as Google announced delays in its Gemini 3.5 Pro AI model launch. The company had promised to release the next-generation model in June but has now postponed it due to difficulties improving the model's coding capabilities. Google updated training data last month to enhance coding performance but received disappointing results, prompting the delay amid intensifying competition from rivals including Anthropic, OpenAI, and others.
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