Google Backs Sakana AI to Enhance Gemini Chatbot's Presence in Japan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: seekingalpha
- Investment Support: Google has joined the roster of backers for Japanese startup Sakana AI, aiming to accelerate the promotion of the Gemini chatbot in Japan and further drive the country's adoption of artificial intelligence.
- Funding Background: This investment follows Sakana AI's $135 million Series B funding round last year, which valued the company at approximately $2.6 billion, reflecting strong market recognition of its potential.
- Technology Access: The investment allows Sakana AI to access Google's foundational models, with CEO David Ha stating that this will significantly enhance product performance and strengthen its competitive position in the market.
- Market Outlook: Google's backing not only provides Sakana AI with a technological edge but may also create new business opportunities in Japan's rapidly evolving AI market, further solidifying Google's leadership in the sector.
Analyst Views on GOOG
Wall Street analysts forecast GOOG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOG is 336.08 USD with a low forecast of 255.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 328.380
Low
255.00
Averages
336.08
High
400.00
Current: 328.380
Low
255.00
Averages
336.08
High
400.00
About GOOG
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








