BNP Paribas will gain expanded access to Google Cloud infrastructure, Gemini Enterprise and advanced Gemini models under a five-year agreement while keeping sensitive client information and critical operations on private infrastructure. The French bank aims to generate €750 million in AI-driven value through higher revenue and operational efficiencies by the end of 2026, initially deploying Gemini in corporate and institutional banking for tools including a proprietary generative AI assistant and corporate credit memorandum preparation. BNP will extend comparable tools to sales, trading and other financial operations, while maintaining a multi-vendor strategy that includes open-source models and a renewed three-year partnership with French AI company Mistral. Alphabet shares rose 1% and BNP Paribas shares gained 2% following the announcement.