Google’s Tries to Meet the AI Moment 8/13/24

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Disruptors, Tech, Technology, Cnbc, Management, Business, Faang, Investing

4.5 • 66 Ratings

🗓️ 13 August 2024

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Google’s hardware event, Made by Google, kicked off today where the megacap unveiled new AI-focused features including Gemini Live, a conversational voice chatbot that will be integrated into all its devices. As investors try to balance the growing concern of surging AI spending and little actual revenue and profits, the event is a key moment for Google to try to justify its AI investments.

Transcript

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0:00.0	The Magnificent Seven seeing Nice Rebound Recently up 5% in a week or so after
0:06.1	getting beaten down in late July by disappointing earnings reports and then
0:10.2	alphabets made by Google event today could help
0:13.4	supercharge that mega cap.
0:15.0	Deirdre Bosa out at Google HQ for today's
0:17.5	tech report.
0:18.3	Hi, Deirdre.
0:20.7	Hey good morning, Sarah.
0:21.5	So Google will have to give investors AI to get excited about today
0:25.2	because let's be honest that's what it is all about part of that rough July
0:28.8	had to do with disillusionment around spend and promise of Gen AI.
0:33.7	On the last earnings call, you might remember,
0:35.5	Senator Pachai, he said that the risk of under investing
0:38.2	was dramatically greater than the risk of over investing in AI.
0:41.9	The street took that to mean spend at all costs. So they want to see the return
0:46.2	on investment, the money, at least a little bit of it. So today's event is a chance to shift that narrative, show off great products and an end-to-end
0:55.0	AI-powered ecosystem that will impact the bottom line, even more so.
0:59.7	Now the event itself comes nearly two months ahead of when Google typically holds this event in October The event
1:04.3	in October.
1:05.3	It also front runs Apple's big September event
1:07.8	where it announces its latest line of iPhones.
1:10.8	Why?
	...

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