Alphabet's Google on Wednesday announced updates to its Gemini family of large language models, including a new product line with competitive pricing to low-cost artificial intelligence models like that of Chinese rival DeepSeek.

With the Gemini family, Google is expanding its lineup of AI models to include an inexpensive option. Google has announced several big updates to Gemini, its family of artificial intelligence models.

Google has launched several new AI models, including Gemini 2.0 Pro Experimental, and brought a 'reasoning' model to its Gemini app.

Alphabet's big spending plans surprised Wall Street. The news should soothe investors worried about last week's DeepSeek shakeup disrupting the AI narrative.

Key Takeaways Amazon said it expects to spend over $100 billion in capital expenditures this year, with the "vast majority" going to AI for Amazon Web Services.The company is the latest Big Tech firm to announce it's boosting expected AI infrastructure spending this year.