Here's my prediction, despite hitting lows today we will end the year as a 2T$+ company. We have some of the brightest mind on the planet and our technology and product moat is way deeper than people estimate #investments #personalfinance
Money being taken out of the system. Until that ends it’s difficult….
Agreed, google was and still is the leader of AI, ChatGPT might be hot now, but it will fail soon. Ppl are still eager to join Google, including me, please accept me google 😭😭😭
If you think there’s only going to be one player in the AI game you are mistaken. Meta and Apple are yet to truly show their hand.
@unity Meta’s been extremely up-front with their work, their models essentially represent the public-weights state of the art with various releases of LLaMa.
Google doesnt lack talent, its the bureaucracy that kills it. Releasing anything is messy there. Apple runs a tight ship, google should learn
I was going to buy it tomorrow until I saw “We have some of the brightest mind on the planet and our technology and product moat is way deeper than people estimate”
🤮🤮🤮
Hit lows? It’s up a ton since last month…. People don’t know what lows are anymore
imagine glazing your slaver on Blind 😂😂😂
Losing money in ads and you think you have a product moat? Your cash cow is getting slaughtered and Sundar has no plan to save it
It's a bit more complicated than that.. Googles valuation doesn't just reflect its current business performance, but rather - the expectations people have for the future. For the stock price to go up, it's not enough for Google to perform better than it does no, but it also needs to do better than investors expected. The issue with Ai and Google is that it's both an opportunity and a real risk to some of its core business. It's not as much about openai and other ai competitors winning as much as it is about whether Google will lose. If, for example, an increasing share of the search market that was previously monopolized by Google states getting addressed by chatgpt-like services, that can hurt Google (the competitors dont even need to monetize well, just to cannibalize high quality traffic for google)
At these valuations, having the best talent is not enough
Good luck habibi
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