Pichai says Google isn’t falling behind in AI, calls Gemini 4 a major upgrade after Gemini 3.5 Pro delay
AI Market Summary
Alphabet earnings highlighted strong execution in cloud and AI commercialization (Google Cloud +82% YoY; backlog $514B; Gemini 950M MAUs), but also surfaced product risk as Gemini 3.5 Pro was delayed for underperforming in coding/agentic tasks. Pichai framed Gemini 4 as a major step-up, yet elevated capex expectations and perceived AI leadership gaps drove an after-hours share decline, keeping near-term focus on AI competitiveness and spending discipline.
Impact level
● Medium
Affected assets
NCSKGOOGL2USD/USDT+2.14%
AI Insight · NCSKGOOGL2USD/USDTAI Insight
● Neutral
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Alphabet CEO Sundar Pichai said Gemini 3.5 Pro was delayed after missing internal targets in coding and agentic tasks, but argued Gemini 4 will be a major step up. Alphabet reported Google Cloud revenue rose 82% year on year to $24.8 billion and said cloud backlog reached $514 billion. The company posted total revenue of $119.8 billion and profit of $112.1 billion, while shares fell more than 3% in after-hours trading despite Gemini reaching 950 million monthly active users.
