Google Launches Gemini Enterprise As Tech Giants Race To Offer AI Agents

Core Insights - Google parent Alphabet is launching a Gemini Enterprise subscription for businesses to build and deploy AI agents, with a monthly fee of $30 per user and an additional $21 for small businesses [1][2] - The Gemini Enterprise tool is designed to enhance employee productivity by allowing interaction with company documents, data, and applications, and includes pre-built AI agents [3] - Google stock has seen a year-to-date increase of 28%, outperforming the S&P 500's 15% gain, despite a slight decline of over 1% in morning trades [3] Group 1 - The Gemini Enterprise offering aims to provide comprehensive AI capabilities to every employee, as stated by Google CEO Sundar Pichai [2] - The formal announcement of the Gemini Enterprise tool will take place at an event called Gemini at Work, emphasizing its role in Google's broader AI strategy [4] - Google's cloud-computing revenue reached $13.62 billion for the June-ended quarter, exceeding Wall Street expectations, highlighting the importance of cloud services in its AI initiatives [4] Group 2 - Google is considered one of the "big three" in the cloud market, although it lags behind Amazon and Microsoft in market share [5] - The company believes its custom chips, models, and agents will provide a competitive advantage as demand for AI drives increased cloud spending [5] - Google stock holds an IBD Composite Rating of 98, indicating strong fundamental and technical metrics, which is favorable for growth stocks [6]