CITIC Securities: Google Gemini Model Releases AI Enters a Multimodal Era. According to a research report by CITIC Securities, recently, Google announced the release of a new generation of large model Gemini, once again sparking sustained market attention to the artificial intelligence industry. The Gemini model, as the first multimodal model released by Google and globally, is the first model to surpass human experts in performance on MMLU. The model is divided into three versions based on its size: Gemini Ultra, Gemini Pro, and Gemini Nano, supporting cloud and edge testing. At the same time, Google simultaneously released the latest version of the computing chip TPU v5p, which is 2.3 times more cost-effective than the previous generation TPU v4. We believe that the official release of the multimodal Gemini model can broaden the scope of application scenarios and bring about continuous upgrades in computing power requirements. We continue to have a positive outlook on the future of the AI industry and believe that the release of models such as GPT-5 will also bring more catalysis.