Alphabet Inc. (GOOGL)

Alphabet shares ended 5.3% higher on Thursday as Wall Street cheered the launch of Gemini, saying the new AI model could help narrow the gap in a race with Microsoft-backed OpenAI.

The tech-heavy Nasdaq led the stock market rally Thursday, as Wall Street shifted its attention to Friday's pivotal jobs report.

Both the S&P 500 and Nasdaq Composite are in the green heading to the bell, looking to end a three-day losing streak this week. So why are stocks up today?

Alphabet's new Gemini model could make it the leader in AI. According to the company, the model outperforms GPT-4 in a number of key capabilities.

The release of Gemini vaults Alphabet back to the top of AI dominance. The AI model outperforms ChatGPT in a wide variety of tasks, according to Google.

Google has revealed a new AI model it claims beats rivals like ChatGPT at most tasks after the company's "largest science and engineering project ever".

In more artificial intelligence (AI) news , Alphabet Inc  ( NASDAQ:GOOGL) today launched its Gemini AI model, which could compete with OpenAI, the parent of ChatGPT that is backed by Microsoft (MSFT).

Alphabet launched its new AI app named Gemini yesterday, pushing shares higher. The Investment Committee debates the AI arms race and which stocks will be winners and losers in the space.

U.S. equities were higher at midday as the market got a boost from tech shares over enthusiasm about artificial intelligence (AI). The Dow, S&P 500, and Nasdaq were all higher.

Alphabet (GOOGL) is set to release the "Help me write" feature to Chrome for Desktop use, leveraging its generative AI capabilities.