this is a balanced view of AI MSFT/GOOG etc for any one that is interested. its about 50min but the first 30 minutes are relevant.
i must say that it does not take much for frenzied panic to take hold........i shouldnt be surprised, should i :)
https://podcasts.apple.com/us/podcast/the-ai-revolution-with-silicon-valley-veteran/id1653747327?i=1000600010554
A good article on what is occurring in the Microsoft Bing v Alphabet Google battle: Is Google’s 20-year search dominance about to end? | The Economist
Some key quotes:
"Brian Nowak of Morgan Stanley, a bank, estimates that serving up an answer to a Chatgpt query costs roughly two cents, about seven times more than a Google search, because of the extra computing power required. He reckons that every 10% of Google searches that shift to an ai-powered application by 2025 will, depending on the number of words in an average response, add between $700m and $11.6bn, to Google’s operating costs, equivalent to between 1% and 14% of such spending in 2022."
"To complicate matters further, many costly conversational-search queries will generate little or no ad revenue. Google has said that 80% of its search results do not contain lucrative ads at the top of the search results. Many of these ad-light searches are almost certainly “informational” (“what is the capital of Spain?”), precisely the sort of query where chatbots are most useful—and precisely the sort that advertisers are least interested in (it is hard to know what ad to place next to the word “Madrid”). For generative ai to make real money, it will need to find uses in “navigational” searches (looking for a site’s internet address by its name) and especially “commercial” ones (“Best new ski boots this season”)."
"Google’s other advantage is incumbency. It is the default search engine in Chrome, Alphabet’s browser, which is used by two in three people on the internet, according to StatCounter, a research firm. It is also the go-to search on more than 95% of smartphones in America. The firm also pays Apple roughly $15bn a year to make its search the default on Apple’s devices, such as iPhones, and Safari browser, which accounts for 19% of browsers installed on desktops."
Great read on the history and opportunity of Alphabet - Investor+Letter+2022+ENG.pdf
re OpenAI --chatbox
IMO this is the best article i have read on the issues GOOGl face with this new technology. (mainly because i agree with it--lol), it is not the technology itself but the profitable integration into the search function which brings with it some conflicting issues-which to optimize. likely GOOGL has been wrestling with these issues for a while.
btw never having used tik tok i found the reference to financial advice on TT bizarre, isnt TT all talking dogs and young women dancing in bikinis!
https://seekingalpha.com/article/4566868-googles-core-advertising-could-suffer-own-innovations#comments