TheStreet’s Conway Gittens brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Wednesday, May 15.
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Full Video Transcript Below:
CONWAY GITTENS: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today.
Investors are reacting to key inflation data – Consumer prices rose 3.4 percent in April from a year ago, a slight downtick from the 3.5 percent in March, and in line with analyst expectations. This report comes just a day after another inflation report, which showed hotter than expected producer prices. These reports will be key when the Federal Reserve makes its next interest rate decision in June.
Turning to tech - Google has unveiled its version of the future. At its annual Google I/O conference, the company showed off its newest artificial intelligence model, the Gemini 1.5 Pro.
Google wants you to be able to integrate AI into your everyday life, helping with things like schedule making, finding missing items, and how we interact with others.
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CEO Sundar Pichai showed off the Gemini 1.5 Pro’s capabilities, demonstrating how it can summarize a group of emails and ask to find a specific photo from way back in your camera roll.
The updated model also allows users to ask more pointed questions - and receive a response of their choosing, either in-depth or a summarized version.
Google also unveiled its Project Astra, which taps a user’s phone camera and allows them to ask questions about anything in the phone’s sights. However, Google said it does not have a timeline for Astra’s public release.
After the event, Pichai wrote “Still, we are in the early days of the AI platform shift. We see so much opportunity ahead, for creators, for developers, for startups, for everyone. Helping to drive those opportunities is what our Gemini era is all about.”
That’ll do it for your daily briefing. From the New York Stock Exchange, I’m Conway Gittens with TheStreet.
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