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Larry Page is making huge bets on new technology

fortune.com

31–40 of 79 posts

Re: Larry Page is making huge bets on new technology

#31
post #27
post #10

Earlier quoted context omitted.

The joke is that it's a time machine. Someone brings a working one of those to office and I wouldn't care if it's powered by a butter churn.

the joke is why you're still depending on some manager's opinion, bringing it to his office (for what? for demo? for approval?) when you have invented time machine.

Just go back and in time and invent Google yourself, then you're the boss when you walk in with the time machine!

Re: Larry Page is making huge bets on new technology

#32
post #18
post #13

Musk wants to colonize and live in Mars and Page is the most ambitious CEO of the universe?

Let's talk when Musk achieves one of his goals :P And no, I don't think musk is more ambitious than page; they are just headed different places.

Well, let's see: private rocket company sending stuff to the international space station, fastest production sedan and it's electric, made electric cars cool. Some of the goals seem to be accomplished.

Re: Larry Page is making huge bets on new technology

#33

But while the company still earns the majority of its revenue from advertising, during his tenure Page has helped to diversify the business. Notably, YouTube is expected to generate nearly $6 billion in revenue this year Maybe I am being pedantic but aren't revenues from Youtube also based on advertising? To the broader point though, why aren't more investors also putting money toward these "moonshots?" Is it because…

The time horizon for moonshots is way too long for the average VC. Google started working on autonomous cars c. 2010, and I'd be fairly astonished if they're available for sale to the general public by 2020.

I bet Google's car tech will start yielding returns for the company far before consumers drive robotic cars. I doubt they will make cars themselves.

Re: Larry Page is making huge bets on new technology

#34
post #26

It would be great to see google diversify their business model as well as their technology so they weren't getting most of their profit from advertising.

It does -- there are products for enterprises, hardware, Google Play ecosystem, Internet access (fiber, loon), operating systems, investments into health research and robotics, self-driving cars, house energy and safety products (Nest). Not enough?

Enterprise (with Google Docs), and maybe Chromecast, are the two arguably profitable non-advertising products. The other product areas are surely in the red.

Google is trying to diversify, but they haven't been successful at turning a profit on non-advertising products, at least not yet.

Re: Larry Page is making huge bets on new technology

#35
I'm glad that Google has enough money to take on risky projects. So much of what they do fails - they essentially only have advertising. But to be honest nothing in that article seemed that world-changing or interesting. Even the nanoparticles are mundane and not much more of an extension of the work that's been going on since the 90s on bio-chips for detection.

But nanoparticles for drug deliver is interesting but they've been doing something similar with bio-engineered antibodies since the early 2000s. (in fact, if you're rich enough you can get a tailored cancer treatment with antibodies specific to your own specific cancer - this has been around for awhile)

I've long hoped that self-aware AI would come out of Google, but perhaps not.

In comparison, Elon Musk seems like the true visionary.

Re: Larry Page is making huge bets on new technology

#37
post #12

Earlier quoted context omitted.

The time horizon for moonshots is way too long for the average VC. Google started working on autonomous cars c. 2010, and I'd be fairly astonished if they're available for sale to the general public by 2020.

Google is a public company, and I think the average Wall Street investor is even more 'short-term' than VCs. In fact, it should be a surprise that investors are not questioning such spending. What insulates these moonshot projects from investor ire is that as an expense, they are only a very small part of the total revenue of Google.

Page is shielded from such investors by a Board of Directors. Presumably they have a better understanding of Google's long-term vision. It's also worth keeping in mind that Google performs extremely well even viewed from short-term metrics.

Re: Larry Page is making huge bets on new technology

#38

I'm glad that Google has enough money to take on risky projects. So much of what they do fails - they essentially only have advertising. But to be honest nothing in that article seemed that world-changing or interesting. Even the nanoparticles are mundane and not much more of an extension of the work that's been going on since the 90s on bio-chips for detection. But nanoparticles for drug deliver is interesting but t…

You may be giving up too soon here. None of the fruits of Google X's labors have hit mainstream production yet. You'll be able to judge them once they have.

Re: Larry Page is making huge bets on new technology

#39
post #13

Musk wants to colonize and live in Mars and Page is the most ambitious CEO of the universe?

Yeah, in the universe . More ambitious even than Glorblax, creator of the monoliths. Why does anyone ever continue reading an article after a headline like that? Nothing can follow except a thoughtless a puff piece.

> Why does _anyone_

Some people like puff pieces, or don't spend much time worrying about whether Glorblax got his fair recognition. (Personally, I agree with you)

Re: Larry Page is making huge bets on new technology

#40
post #38

I'm glad that Google has enough money to take on risky projects. So much of what they do fails - they essentially only have advertising. But to be honest nothing in that article seemed that world-changing or interesting. Even the nanoparticles are mundane and not much more of an extension of the work that's been going on since the 90s on bio-chips for detection. But nanoparticles for drug deliver is interesting but t…

You may be giving up too soon here. None of the fruits of Google X's labors have hit mainstream production yet. You'll be able to judge them once they have.

Correct me if I'm wrong, but didn't Google Glass come out of X?
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