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The S&P 500 is up 36% from September 2022 lows and 60% of the unexpected performance is attributed to the Magnificent Seven. The seven stocks — Alphabet (+68% YTD), Amazon (+60% YTD), Apple (+50% YTD), Meta (+196% YTD), Microsoft (+77% YTD), Nvidia (+303% YTD) and Tesla (+70% YTD) — have collectively risen nearly 117%, far … Continued
I believe the transition we are seeing right now with AI will be the most profound in our lifetimes, far bigger than the shift to mobile or to the web before it. This new era of models represents one of the biggest science and engineering efforts we’ve undertaken as a company. Alphabet CEO Sundar Pichai … Continued
Google Cloud showcased innovations in various stages of development over the three days of its Google Cloud Next 2023 conference held in San Francisco last week. The predominant focus of the event was generative AI, and with more than 160 features announced it is difficult to select highlights, but here are a few standout offerings. … Continued
Exploring implications of a forced divestiture of Google’s ad tech business amid EC & DoJ antitrust complaints. Key points: Regulators may try to force Google to divest its ad tech business. The financial impact of a forced divestiture is small. Google could further reduce the impact by selling just the EU portion of the ad … Continued
YouTube has evolved from a video-sharing site into a vibrant digital ecosystem with creators, viewers, and advertisers. At the helm is CEO Neal Mohan, whose strategic vision includes sustaining growth and unlocking potential to redefine how we consume content online. In a recent interview, Mohan outlined his critical strategic priorities for YouTube and the platform’s … Continued
The Google I/O 2023 developer conference has always been a platform for showcasing innovative technology. This year’s event didn’t disappoint, as Google revealed an impressive array of advancements in artificial intelligence (AI), Android and Pixel devices, pushing the boundaries of what technology can do for us. AI Google also presented Bard, its AI chatbot which … Continued
The cyclical nature of enterprise cloud spend is a positive signal. It validates the flexible and scalable nature of cloud computing and thus its long term value to business users. 4Q22 results – slowing growth and cautious outlook Q4 earnings from the largest public cloud providers show a gloomy year ahead for cloud spend. Amazon … Continued
Marvin Minsky, the American computer scientist, noted in the 60s; “within a generation … the problem of creating ‘artificial intelligence’ will substantially be solved”. So, it is with great trepidation I write this note. Fortunately, Alphabet (nee Google) has been tinkering in AI since 2012, so I feel somewhat protected from overreach on my predictions. … Continued
Tech industry analysts have repeatedly questioned the magnitude and focus of Alphabet’s R&D investments in Google. And the size of the investment is considerable. Alphabet spent more than $105 billion on R&D over the last 5 years, and we estimate it will almost double that figure in the next five years. Its effectiveness was difficult … Continued
Google recently confirmed it will stop selling ads based on user-tracking browser data – a big announcement with significant implications for those working in the online advertising industry. Historically, most online advertising platforms relied heavily on gathering data about consumers through their browsing habits – more data creates better user profiles which enables advertisers to … Continued
