Fri. 02/03 – The Startup Planning To De-Extinct The Dodo

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4.7 • 1K Ratings

🗓️ 3 February 2023

⏱️ 22 minutes

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Summary

Earnings wrapups from Alphabet: investors just want to know when the AI is coming. From Apple: they’re still not planning any layoffs. From Amazon: Look, AWS is still a beast. And in the Weekend Longreads suggestions: the startup that wants to bring back the Dodo, Jurassic Park style. Links: AI will help Google parent Alphabet navigate a challenging macro environment, say analysts (MarketWatch) Google Shares Slip after Sales Miss as Advertising Demand Slows (Bloomberg) Apple Sales Shrink as Pandemic Rally Ends for iPhone Maker, Other Tech Giants (WSJ) Amazon stock falls as least profitable holiday quarter since 2014 leads to its worst annual loss on record (MarketWatch) Google invests $300mn in artificial intelligence start-up Anthropic (Financial Times) Weekend Longreads Suggestions: The generative AI revolution has begun—how did we get here? (ArsTechnica) Who will compete with ChatGPT? Meet the contenders | The AI Beat (VentureBeat) The Difference Between Speaking and Thinking (The Atlantic) A de-extinction company is trying to resurrect the dodo (MIT Technology Review) A Calculated Move: Calculators Now Emulated at Internet Archive (Internet Archive Blogs) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Mem Right Home for Friday, February 3rd, 2023. I'm Brian McCullough today.
0:09.1	Earnings Rapp-ups from Alphabet. Investors just want to know when the AI is coming, from Apple.
0:15.2	They're still not planning any layoffs, and from Amazon.
0:18.3	Look, AWS is still a beast, and in the weekend long read suggestions, the startup that wants to bring back the
0:23.7	Dodo Jurassic Park style. Here's what you miss today in the world of Tech.
0:31.4	It's that big earnings week for tech and yesterday was the usual big day with everybody
0:38.8	reporting all at once.
0:40.6	So let's just rip the band-aid off, like we said yesterday, and plow through these.
0:45.0	I want to start with Alphabet because there may be the most interesting of the big tech companies right now.
0:49.0	Alphabet reported revenue up a mere 1%, and net income down a whopping 34% so decidedly mixed to
0:56.3	negative. Overall Google Advertising was down 4% below analyst estimates. Search
1:01.6	revenue was down 2% Even YouTube's revenue dropped 7.8%.
1:06.2	Again, below analyst estimates.
1:08.8	The lone bright spot was the all-important cloud revenue segment up 32% to 7.3 billion dollars.
1:16.8	So why are investors largely shrugging today?
1:20.0	Alphabet's only down a couple of percentage points and the overall NASDAQ is down.
1:24.0	So I think the reason that investors are not really worried is because they have their eye on a new
1:30.4	ball all of a sudden.
1:31.6	How quickly things change? all anyone cares about right
1:35.1	now is how Google is going to deal with this AI surge quoting market watch in a note
1:41.2	released Friday JP Morgan analyst Doug and Muth wrote that AI is reaching an inflection point at alphabet,
1:47.0	quote, amidst a challenging operating environment were encouraged by upcoming AI products and what feels like deeper commitment to rationalize the cost
	...

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