What new services did Alphabet launch?

Alphabet launched a national real estate search with HouseCanary, powered Apple's Siri with Gemini models, and introduced a paid robotaxi subscription via Waymo.

How does Apple benefit from Google's technologies?

Apple uses Google's Gemini models to enhance Siri and relies on Google Cloud and Nvidia for AI infrastructure.

What is Waymo's subscription model?

Waymo introduced its first paid subscription for robotaxi services, shifting to a membership model. Financial details are not yet disclosed.

Will the real estate search be available outside the U.S.?

The real estate search is currently available only in the U.S. via the Google mobile app.

Alphabet Ties Search, AI, and Mobility to Revenue

Alphabet announced three new initiatives: a national real estate search feature with HouseCanary, Google's Gemini models powering Apple's Siri, and Waymo's first paid robotaxi subscription.

Alphabet Inc. (GOOGL) announced three new initiatives aimed at converting its search, AI, and autonomous driving technologies into tangible revenue streams.

New Products

National Real Estate Search

Google launched a national real estate search feature in partnership with HouseCanary, surfacing MLS broker listings directly in mobile search results across the U.S. Users can browse property listings without leaving the search page.

AI-Powered Siri

Apple (AAPL) is using Google's Gemini models to enhance its Siri voice assistant with new AI capabilities. Apple also leverages Google Cloud infrastructure and Nvidia (NVDA) technology for AI processing.

Waymo Subscription

Waymo, Alphabet's autonomous driving unit, introduced its first paid subscription for robotaxi services, shifting its ride-hailing business toward a membership model.

Pricing & Availability

Real Estate Search: Available now on Google mobile app in the U.S.
Siri with Gemini: Rolling out gradually in upcoming iOS updates.
Waymo Subscription: Pricing details not yet disclosed.

Competition

These initiatives face competition from:

Real Estate Search: Zillow, Realtor.com.
AI: OpenAI (ChatGPT), Meta (LLaMA).
Robotaxi: Tesla (FSD), Cruise (GM).

Potential Impact on Alphabet

Alphabet aims to diversify revenue beyond advertising by leveraging its AI and data capabilities. Success in these areas could boost the stock's long-term valuation.