Want To Buy Samsung Galaxy S24 For Galaxy AI Features? They Won't Be Free Forever
Portfolio Pulse from Rounak Jain
Samsung Electronics Co Ltd. (OTCPK: SSNLF) has launched the Galaxy S24 series with Galaxy AI features powered by Alphabet Inc.'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google's Gemini large-language model. These AI features are free until the end of 2025 and include live translations, generative AI editing for images, and more. Some features are similar to those in Apple Inc.'s (NASDAQ:AAPL) iPhone 15 Pro and Google's Pixel 8 series.
January 18, 2024 | 2:19 pm
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Samsung's Galaxy S24 series includes features similar to Apple's iPhone 15 Pro, indicating increased competition in the smartphone market.
While Samsung's new features may increase competition, Apple's strong brand loyalty and market position may mitigate any immediate impact on its stock.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Alphabet's Google provides the AI technology for Samsung's Galaxy S24, which may strengthen Google's position in AI and cloud services.
Google's involvement in providing AI technology for Samsung's new devices showcases its AI capabilities and could lead to increased usage of its cloud services, potentially benefiting Google's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Samsung's Galaxy S24 series introduces AI features, free until 2025, potentially increasing the appeal and sales of the new devices.
The introduction of advanced AI features in the Galaxy S24 series could attract consumers looking for the latest technology, potentially increasing sales and positively impacting Samsung's stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100