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Their revenue grew 14% YoY. That's nothing special at all if you look at their historical top line growth.
by prng2021 2y ago
Their revenue grew 14% YoY. That's nothing special at all if you look at their historical top line growth.
- crazygringo 2y agoGoogle (Alphabet) is already the 4th largest company in the world by market cap. So, what -- you want to see their revenue grow by 50% or something in a single year? For mature companies of that size, that's not really a thing. I think your expectations for defining AI success may be a bit too high here.
- prng2021 2y agoAre you kidding me? 50% is peanuts given that AI has been touted for years to be more profound to humanity than electricity or fire: https://www.cnbc.com/2018/02/01/google-ceo-sundar-pichai-ai-is-more-important-than-fire-electricity.html https://www.cnbc.com/2018/02/01/google-ceo-sundar-pichai-ai-... AI is supposed to be a huge new revenue driver and my point, echoing others, is that it's nowhere close. They've spent double on AI compared to last year: https://finance.yahoo.com/news/alphabet-earnings-top-estimates-as-cloud-business-gains-steam-ai-losses-grow-201030203.html https://finance.yahoo.com/news/alphabet-earnings-top-estimat... "In the second quarter, Alphabet reported spending $2.2 billion building AI models across its DeepMind and Google Research organizations. That's up from $1.1 billion in Q2 2023. When exactly AI starts to generate revenue for Google’s Cloud business, let alone its ad segment, is still up in the air."