Alphabet (GOOGL) shares fall 4% due to Gemini 3.5 Pro delay

Alphabet (GOOGL) shares decreased by 4% on Thursday after a report indicated that the release of its Gemini 3.5 Pro AI model has been delayed. The model is reportedly months behind schedule as the company works to enhance its performance, particularly its coding capabilities, which did not meet internal expectations. The company previously introduced the model in May, anticipating a rollout the next month. This delay comes as competitors like OpenAI and Meta launch new AI models that outperform Google's current offerings, potentially impacting Alphabet's market position in AI development.