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- Gemini 2.0 AI model released: agent-centric, with native image, audio output
Gemini 2.0 AI model released: agent-centric, with native image, audio output

Top stories today:
- Gemini 2.0 AI model released: agent-centric, with native image, audio output
- CPI at 2.7%, core CPI at 3.3%, in line with expected
- Elon reaches $447B net worth after SpaceX trades at $350B
- Apple Intelligence updates with ChatGPT integration to Siri, Writing Tools
- GLP-1 makers’ stocks significantly outperform broader Pharma
0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).

All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of the few hallucinations):
1. Gemini 2.0 AI model released: agent-centric, with native image, audio output
Gemini 2.0 Flash is the first user-accessible model in the Gemini 2.0 family.
Can natively access Google Search, code execution, and 3rd-party functions.
Available in Google AI Studio, Vertex AI, and the Gemini app.
Multimodal Live API released separately with real-time audio and video-streaming input support.
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A preliminary analysis suggests Gemini 2.0 Flash is the world’s top model today, and 2.0 Pro should be even better
In the SWE-bench coding benchmark, Google outperforms all models:
The Jules code agent, based on Gemini 2.0, can be used offload Python and Javascript coding tasks — out in private beta only
Separately, Google unveiled Gemini 2.0-based Project Mariner to let AI agents navigate within web browsers
In closed beta — apply here.
Project Astra, Google’s see-all assistant, now has 10 minutes of memory, vs. 45 seconds previously

Google.
The Deep Research AI assistant was introduced for Gemini Advanced subscribers to make researching easier
Google’s DeepMind also built Gemini 2.0 agents to help navigate video games — also in private beta
Google’s new Trillium AI chip claims 4x speed.
2. CPI, Core CPI in line with forecasts, signaling potential Fed cuts ahead

CPI: 0.3% MoM / 2.7% YoY in Nov., in line with expected, from 0.2% / 2.6% in Oct.
Core CPI: 0.3% / 3.3%, also in line, from 0.3% / 3.3%.
Markets now price in 99% odds of a 25 bps cut next Wed., from 89% previously

Until the end of 2025, markets are pricing in 3 cuts of 25 bps
3. Elon reaches $447B net worth after SpaceX trades at $350B
4. Apple Intelligence updates with ChatGPT integration to Siri, Writing Tools
Apple appears to still lag in AI, having to rely on OpenAI for top models.
Apple is also said to be working with Broadcom for its first AI server chip.
5. GLP-1 makers’ stocks significantly outperform broader Pharma
GLP-1s' scope may expand through trials testing efficacy for various conditions
66 ongoing, late-stage trials of GLP-1 for obesity, diabetes, and other conditions linked to weight gain.