Google is hosting its annual Made by Google hardware event in New York City today. The company is unveiling the Pixel 11, Pixel 11 Pro, and the Pixel 11 Pro Fold. All three smartphones feature the next-generation Tensor G6 chip. Google is also expected to announce the Pixel Watch 5.
CEO Sundar Pichai confirmed the Gemini AI app has surpassed 1 billion monthly active users. This milestone comes as investors weigh heavy capital expenditure on AI against potential growth. Bank of America recently maintained its buy rating for Alphabet. Analysts cited confidence in the company's AI strategy despite recent stock price stagnation.