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Google Earning Q1 2024 [pdf]

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Re: Google Earning Q1 2024 [pdf]

#31

Post by Workaccount2 »

foogazi wrote: post #13
dmckinno wrote: post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

> everyone in my social circle has moved on from going to Google first for information Or have they ?

I'll admit that despite having a GPT4 sub which I use often, I still fallback on google for quick questions and verification of what GPT4 says if I need to be certain.

Not even because I am particularly going to google, it's just so heavily integrated.

Re: Google Earning Q1 2024 [pdf]

#32

Post by Workaccount2 »

summerlight wrote: post #15
addaon wrote: post #10

Interesting that they think they're out of internal projects and acquisitions to (profitably) spend money on. Even more interesting that the stock seems to agree -- I guess investors already believed that growth is over, and are seeing this recognition of that as an alignment between reality and internal strategy.

The only major investment left would be computing infrastructures, but it's severely limited by supply. Even if Google wants to spend more money, simply there's no chips to buy. I don't see any significant future investment opportunities other than Waymo in the foreseeable future, but it seems still far from scaling out.

Google is in the fortunate position of having their own in house AI compute modules (TPU's) that are more or less on par with Nvidia chips.

They might have to compete for foundry time, but it's better than having to compete for AI chips.

Re: Google Earning Q1 2024 [pdf]

#34

Post by alphabetting »

tech_buddha wrote: post #19
dmckinno wrote: post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

The layoffs and dividend are related -- the company's death rattle has been shaking a while now. Management is desperate to retain the confidence of the investor class.

> death rattle

Stock up 16% after hours.

Re: Google Earning Q1 2024 [pdf]

#35

Post by laweijfmvo »

foogazi wrote: post #13
dmckinno wrote: post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

> everyone in my social circle has moved on from going to Google first for information Or have they ?

I have moved to Kagi as my search engine, although 99.99..% of people will probably never pay for search. Anecdotally, whenever I'm not finding what I need on Kagi and fallback to Google (less than once per week), it's shocking what a disaster the UX of Google's products have become (Maps is an even bigger offender than Search, where seemingly arbitrarily labeled places get more visibility than the search results).

Re: Google Earning Q1 2024 [pdf]

#36

Post by londons_explore »

Workaccount2 wrote: post #31
foogazi wrote: post #13

Earlier quoted context omitted.

> everyone in my social circle has moved on from going to Google first for information Or have they ?

I'll admit that despite having a GPT4 sub which I use often, I still fallback on google for quick questions and verification of what GPT4 says if I need to be certain. Not even because I am particularly going to google, it's just so heavily integrated.

I find GPT4 requires long queries to get much out. And I can't be bothered typing out a long query if Google can give me the same in 3 words and scanning down the result page.

Re: Google Earning Q1 2024 [pdf]

#37

Post by darkwizard42 »

dmckinno wrote: post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

I think this is the same thing I feel when I read Meta's earnings. I continue to see growth in usage of their core properties but I don't think my entire circle touches Facebook or even Instagram nearly as much.

Whatsapp certainly isn't driving those ad dollars so it truly is remarkable how disconnected my demographic (loosely using my here) is from the overall world usage.

Re: Google Earning Q1 2024 [pdf]

#38

Post by endisneigh »

dmckinno wrote: post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

This site has always been a bubble.

Re: Google Earning Q1 2024 [pdf]

#39

Post by baron816 »

dmckinno wrote: post #9

I thought that this earnings announcement would be the first one where we'd see some impact from competitive knowledge engines, e.g. Perplexity, You.com, ChatGPT + Bing, etc., but Google still grew search $6B/15%. This is impressive both because it's hard to keep such a big business growing at that rate and because essentially everyone in my social circle has moved on from going to Google first for information. I gue…

I think that most of the traffic being stolen away is going to be for low value searches. I (and probably almost everyone else) use Google when I already know what I want, ie I’m trying to get to a company’s website to buy a particular thing, but don’t know their url name.

I’m not going to use an LLM to shop for car insurance or look for hotels.

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