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Virtual Event Emporium > Blog > Market > Scott Dylan: How Google’s New Gemini 1.5 Models Are Revolutionising AI Integration for Businesses
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Scott Dylan: How Google’s New Gemini 1.5 Models Are Revolutionising AI Integration for Businesses

Sam Hubbert
Last updated: September 24, 2024 10:33 pm
Sam Hubbert
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4 Min Read
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Key Improvements in the New Gemini Models

The updated Gemini models offer significant gains over their previous versions. Google has improved utility and performance across several tasks, including text synthesis, code generation, and visual understanding. For example, the Gemini 1.5 Pro model shows a 20% improvement in benchmarks for advanced mathematics. These include MATH and HiddenMath, making the model better suited for handling complex problem-solving. Additionally, the models improved performance in the MMLU-Pro benchmark by 7%, further enhancing their language understanding. These upgrades are crucial for businesses that need precision, such as financial modelling or data analysis.

Google has also enhanced code generation, particularly in Python. This improvement could be vital for businesses in software development or automation. The ability to process large amounts of data, from 1000-page documents to hours-long videos, makes these models useful across sectors like healthcare, legal tech, and logistics.

Affordability and Scalability: A Game-Changer for Businesses

A key highlight of the Gemini 1.5 update is the 15% reduction in pricing. This change makes the models more accessible for businesses of all sizes. For smaller companies or startups, the reduced cost creates a real opportunity to integrate AI. In fact, the savings extend to a 64% reduction in input tokens and 52% reduction in output tokens for prompts under 128K tokens. This drop in cost significantly reduces the price of using these models.

The rate limits have also seen major upgrades. For example, the limit for the 1.5 Flash model has doubled to 2,000 RPM, and the Pro model now supports up to 1,000 RPM. These improvements make real-time applications like customer service automation and data processing more feasible. The ability to scale AI operations will no longer be as costly, allowing businesses to adopt AI solutions with fewer barriers.

New Features Designed to Enhance Usability

One of the standout features in this update is the 2-million token long-context window. This enhancement is particularly useful for industries dealing with large documents, like legal or healthcare. Tasks like synthesising insights from long documents, analysing codebases, or summarising videos can now be handled more efficiently.

Another significant improvement is speed. The updated models deliver 2x faster output with 3x lower latency. These gains make the models ideal for real-time tasks like dynamic pricing, interactive customer service, or live data analysis. Speed improvements also enable faster decision-making, which is critical in industries where quick responses are essential.

Customisable Safety Filters

Google’s focus on content safety remains strong with the new Gemini models. In previous versions, filters were applied by default, but now developers have more control. The updated filters allow businesses to customise safety protocols for their specific needs. This flexibility is crucial for industries like finance and healthcare, where sensitive data needs careful management.

Additionally, the models now produce more concise outputs—5-20% shorter—which cuts down on unnecessary content. This makes the models more cost-effective for tasks like summarisation, question-answering, or content extraction.

The Impact of These Updates on AI Adoption

The new Gemini models bring together performance, speed, and cost-efficiency. Reduced costs, higher rate limits, and improved usability make it easier for businesses to adopt AI. The updates to long-context reasoning and real-time processing enable companies to tackle more complex tasks.

As AI becomes a more vital part of business strategy, the Gemini models will play a key role. By lowering the barrier to entry and providing stronger capabilities, these models will drive innovation and efficiency in industries ranging from healthcare to customer service.

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