Alphabet Inc. shares fell 2.3% on Thursday after a Bloomberg report stated that Google has indefinitely delayed the launch of Gemini 3.5 Pro, its planned flagship AI model. Originally scheduled for June 2026 and previewed by CEO Sundar Pichai at the May I/O developer conference, the model is reportedly months behind schedule. People familiar with the matter said Google is taking extra time to boost coding capabilities after a late‑month data update failed to deliver expected gains. Current and former employees describe growing internal frustration and concern over losing ground to OpenAI, Anthropic, and Meta, which have recently released stronger coding models.

Prepared by Jonathan Pierce and reviewed by editorial team.