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Google's Gemini 3.5 Pro Is Months Late; Alphabet Loses $200 Billion in a Day

Bloomberg reported on July 16 that Google is months behind schedule on Gemini 3.5 Pro, its most powerful flagship AI model, largely because of coding weaknesses. Alphabet shares fell about 4.4%, erasing roughly $200 billion in market value, as investors read the slip as a sign Google is struggling to keep up with OpenAI and Anthropic.

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The Commoditization of Intelligence

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