Google Traders Bet Big on Gemini 3.5 Pro August Release
Alphabet (GOOGL) stock traders are eagerly anticipating the release of Gemini 3.5 Pro, an advanced reasoning model from Google. The tech giant has faced challenges in developing the model, which is expected to compete with OpenAI's ChatGPT and Anthropic's Claude.
The company's shares experienced a decline in July due to reports that the launch was being pushed back. However, prediction market participants on Kalshi now assign a 46% probability of a release by August 16, rising to 63% for an August 21 debut and 76% before the month ends.
Market observers will be closely monitoring Google's communications throughout August, particularly after the company's annual Made by Google showcase on August 12. Traders have collectively placed over $320,000 in wagers on the model's arrival date.