AI Daily: Gemini 3.5 Flash introduced at Google I/O

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.

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GEMINI 3.5 FLASH: Google (GOOGL) introduced Gemini 3.5, its latest family of models “combining frontier intelligence with action,” the company said. “We’re kicking off the series by releasing 3.5 Flash. It delivers frontier performance for agents and coding, excelling at complex long-horizon tasks that deliver real-world utility. 3.5 Flash is available today to billions of people globally: For everyone via the Gemini app and AI Mode in Google Search; For developers in our agent-first development platform Google Antigravity and Gemini API in Google AI Studio and Android Studio; and for enterprises in Gemini Enterprise Agent Platform and Gemini Enterprise.” The company is also working on 3.5 Pro, which is already being used internally, and is expected to start rolling out next month.

Google is also launching Managed Agents in the Gemini API. The experience is powered by the new Antigravity agent, built on Gemini 3.5 Flash and available via the Interactions API and in Google AI Studio. Managed Agents in the Gemini API is rolling out later today in preview in the Gemini API. For enterprises, Google has also added support for managed agents in Gemini API on the Gemini Enterprise Agent Platform in private preview.

Additionally, Google is launching a $100/month AI Ultra plan, specifically tailored for developers, technical leads, knowledge workers and advanced creators. The company is also reducing the monthly price of its top-tier AI Ultra plan from $250 to $200. Users will get the exact same capabilities – including a 20X higher usage limit in the Gemini app and Google Antigravity than its Pro plan – now at a lower cost.  

Lastly, Google introduced Universal Cart, an intelligent shopping cart that works across merchants and across services, so users can add things to their cart while browsing Search, chatting with Gemini, watching YouTube or even reading Gmail. Universal Cart is rolling out across Search and the Gemini app in the U.S. this summer, with YouTube and Gmail to follow.

PROJECT GLASSWING: IBM (IBM) announced the latest expansion of its enterprise security program for the AI era, and partners with Anthropic as a member of Project Glasswing, an industry initiative to defend the world’s critical software infrastructure. “As attackers use frontier AI to accelerate every phase of the attack lifecycle, from reconnaissance to vulnerability discovery to exploitation, IBM is pairing its deep experience with a new generation of defenses built for the AI era. Project Glasswing extends these efforts, uniting a coalition of security and technology leaders committed to protecting essential infrastructure and sharing findings across industries. As part of Glasswing, IBM has been identifying and remediating vulnerabilities in widely used software and sharing those findings with the broader community,” the company stated. “AI-powered attacks have already moved beyond what traditional defenses can match. We’re helping clients assess their exposure and putting tools like IBM Concert to work in more environments. Separately, as part of Project Glasswing, we’ve been hardening our own products and contributing fixes back to the open-source community. The collaboration makes the entire ecosystem stronger,” said Rob Thomas, SVP Software & Chief Commercial Officer, IBM.

INTEREST IN TENSTORRENT: AI chip startup Tenstorrent is drawing early takeover interest from prospective buyers, including Intel (INTC) and Qualcomm (QCOM), as it looks to challenge Nvidia (NVDA) and AMD (AMD), Bloomberg’s Ryan Gould and Edward Ludlow report. The company has held conversations with industry players and is speaking to investment banks about evaluating its options, and could be valued at more than $5B in a potential transaction, according to people familiar with the matter. While it entertains interest from would-be buyers, Tenstorrent is continuing to court prospective investors in a funding round, the people add.

UPDATES POWERED BY APPLE INTELLIGENCE: Apple (AAPL) previewed a suite of accessibility updates that use Apple Intelligence to bring new capabilities to features such as VoiceOver, Magnifier, Voice Control, and Accessibility Reader. Apple announced new features for controlling power wheelchairs with Apple Vision Pro and generating subtitles across the Apple ecosystem, coming later this year

AI DATA CENTER: Meta Platforms (META) is working on building the world’s largest data centers in Richland Parish, Louisiana, one of the poorest corners of America, Riley Griffin of Bloomberg reports. The project is being financed with one of the largest private capital deals ever and needs 10 new gas-fired turbines to keep it running. Originally, the project was meant to cost $50B, but now Meta alone plans to spend over $200B on it, a person familiar with the matter added. Investors, however, have begun showing signs of uneasiness, but if Meta does decide to leave the area, another hyperscaler could take its place.