Alphabet shares experienced a decline following a report indicating a postponement in the launch of its flagship artificial intelligence model, Gemini 3.5 Pro.
The stock was last down 4.7%. The drop in Alphabet shares weighed on the major stock indices, pulling them to their session lows on Thursday afternoon.
According to people familiar with the matter, the Gemini 3.5 Pro has been delayed by several months from the original schedule as Alphabet works on enhancing its performance.
The company had unveiled the Gemini 3.5 Pro AI model at its Google I/O developer conference earlier this year in May.
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