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TechCheck

Pricing the AI Race & Battle of the Home Smart Speakers 5/22/24

TechCheck

CNBC

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

4.566 Ratings

🗓️ 22 May 2024

⏱️ 5 minutes

🧾️ Download transcript

Summary

CNBC’s Dierdre Bosa discusses the AI profit motives behind companies investing all into AI and the latest news on Amazon, home smart speakers, and more.

Transcript

Click on a timestamp to play from that location

0:00.0

See,

0:02.0

learning today that Amazon is planning to give Alexa an AI overhaul

0:06.0

and potentially charge a monthly fee.

0:08.0

Is this the beginning of an AI assistant race?

0:11.0

That is the topic of today's tech check with Georgia Bosa.

0:13.2

Morning, D.

0:14.2

Hey, good morning, Carl.

0:15.1

So the emergence of a new kind of AI assistant or agents

0:19.0

from Open AI and Google over the last few weeks

0:21.7

that could also represent a new chapter in smart

0:24.3

speakers which were the original voice assistance. Kate Rooney's great

0:27.8

scoop this morning tells us how Amazon might be thinking about its Alexa

0:31.0

positioning which has the lead in terms of smart speakers in the home.

0:35.4

Data from Statista shows Amazon echoes as the dominant player with 65% of the market.

0:41.0

Google Home trailing with just 24%.

0:43.0

Apple's Home Pod with 18%.

0:45.4

But when you look beyond these top three,

0:47.3

the picture isn't quite as clear.

0:48.6

Nest is owned by Google with another 17%

0:51.2

and the next most popular home speakers from Bose and JBL that gives its

0:55.4

users an option to use Alexa or Google Assistant. So the race closer than it first

1:00.0

appears by the way adds up to more than a 100 because people can own more than one device.

...

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