Google parent Alphabet is launching a Gemini Enterprise subscription offering for businesses to build and deploy AI agents, the tech giant announced Thursday. Google stock slipped in morning trades.
The move comes as tech giants like Amazon, Microsoft, OpenAI, IBM and Oracle are racing to roll out AI agents to automate business tasks. Gemini Enterprise offering will "bring the full power of Google's AI to every employee," Google Chief Executive Sundar Pichai said in a blog post.
The offering is $30-per-month per user, plus a $21 monthly subscription for small businesses.
"Built with Google's most advanced Gemini models, (Gemini Enterprise) enables you to chat with your company's documents, data, and applications," Pichai wrote. "It also gives you the tools to build and deploy AI agents, as well as a suite of pre-built agents, and is grounded in your company's information and your personal context at work."
Google Stock Ahead 28% Year-To-Date
Google stock shed more than 1% to 240.31 on the stock market today. But shares are ahead 28% year-to-date, outperforming a 15% gain for the S&P 500.
The Gemini Enterprise tool will be formally announced at an event Thursday called Gemini at Work, hosted by Google's cloud business.
While Google is integrating Gemini and its other models into its internet search and ad business, its cloud offering is also a key cog in the tech giant's broader AI push. Google's $13.62 billion in cloud-computing revenue for its June-ended quarter topped Wall Street expectations.
Google is part of what analyst's call cloud's big three, though its market share is behind that of Amazon and Microsoft. But Google believes its custom chips, models and agents can give it an advantaged as the demand from AI drive more cloud spending.
Meanwhile, Google stock holds an IBD Composite Rating of 98 out of a best possible 99. IBD's Composite Rating is a blend of key fundamental and technical metrics to help investors gauge a stock's strengths. The best growth stocks have a Composite Rating of 90 or better.
