Alphabet drops 4% as Gemini 3.5 Pro slips months behind schedule
What's new: Bloomberg reported Google's flagship AI model missed internal coding targets as OpenAI and Meta roll out newer rivals.
Alphabet shares fell 4% Thursday after a report said Google had pushed back the release of Gemini 3.5 Pro, its flagship artificial intelligence model, by several months. Bloomberg reported the model is behind schedule as the company works to improve performance, with its coding abilities falling short of internal expectations. Google had introduced Gemini 3.5 Pro at its May I/O developer conference and said a broader rollout would come the following month. The delay lands as OpenAI and Meta have recently released new models aimed at coding tasks, increasing pressure on Google in one of AI's fastest-growing uses.