461–470 of 851 posts
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I'm not a finance person, but how is net income of $9.9B for FY 2024 not profit?
I assume they mean the profits in the past couple years are dwarfed by the losses that came before. Looking at the company's entire history, instead of a single FY.
I was guessing they meant something like the net profit only came from a weird tax thing or something.
Google is winning on every front except... marketing (Google has a chatbot?), trust (who knew the founding fathers were so diverse?), safety (where's the 2.5 Pro model card?), market share (fully one in ten internet users on the planet are weekly ChatGPT users), and, well, vibes (who's rooting for big G, exactly?). But I will admit, Gemini Pro 2.5 is a legit good model. So, hats off for that.
Several people have suggested that LLMs might end up ad-supported. I'll point out that "ad supported" might be incredibly subtle/insidious when applied to LLMs: An LLM-based "adsense" could: 1. Maintain a list of sponsors looking to buy ads 2. Maintain a profile of users/ad targets 3. Monitor all inputs/outputs 4. Insert "recommendations" (ads) smoothly/imperceptibly in the course of normal conversation No one would…
LLMs should be legally required to act in the interest of their users (not their creators). This is a standard that already applies to positions of advisors such as Medical professionals, lawyers and financial advisors. I haven't seen this discussed much by regulators, but I have made a couple of submissions here and there expressing this opinion. AIs will get better, and they will become more trusted. They cannot be…
Not on cars, not in robotics, not in commercially deployed AI, not in enterprise investments in their cloud business. They've got immense potential, sure. But to say that they're winning is a bit far from reality. Right now, their Cloud AI offerings to the enterprise are technologically superior to anything else out there from AWS, but guess what? AWS seems to have significantly more %age sales growth in this space w…
I would say they're winning with Waymo: I took a fully autonomous taxi ride in the backseat in SF, and it just worked. No other company can currently do that, despite their promises and hype.
At this point all I can imagine is that every year they run the numbers and arrive at "yup, still makes no sense whatsoever". And so its eternally doomed to tech demo status.
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> Google is too risk averse to do anything, but completely doomed if they don't cannibalize their cash cow product. Google's cash-cow product is relevant ads. You can display relevant ads in LLM output or natural language web-search. As long as people are interacting with a Google property, I really don't think it matters what that product is, as long as there are ad views. Also: > Web search is no longer a crown jew…
Kodak was well placed to profit from the rise of digital imaging - in the late 1970s and early 1980s Kodak labs pioneered colour image sensors, and was producing some of the highest resolution CCDs out there. Bryce Bayer worked for Kodak when he invented and patented the Bayer pattern filter used in essentially every colour image sensor to this day. But the problem was: Kodak had a big film business - with a lot of f…
Google is winning on every front except... marketing (Google has a chatbot?), trust (who knew the founding fathers were so diverse?), safety (where's the 2.5 Pro model card?), market share (fully one in ten internet users on the planet are weekly ChatGPT users), and, well, vibes (who's rooting for big G, exactly?). But I will admit, Gemini Pro 2.5 is a legit good model. So, hats off for that.
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Google were pioneers to cloud computing How so? Amazon were the first with S3 and EC2 including API driven control.
Maybe for public services, but Google did the "cattle not pets" thing with custom Frankensteined beige boxes starting really early on
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> there's a limit on how much you can charge people for subscription fees. I think soon people expect this service to be provided for free and ads would become the main option to make money out of chatbots. So... I don't think this is certain. A surprising number of people pay for the ChatGPT app and/or competitors. It's be a >$10bn business already. Could maybe be a >$100bn business long term. Meanwhile... making mo…
> No guarantees that Google discover a meaningful business model here... I don't understand this sentiment at all. The business model writes itself (so to speak). This is the company that perfected the art of serving up micro-targeted ads to people at the moment they are seeking a solution to a problem. Just swap the search box for a chat bot. For a while they'll keep the ads off to the side, but over time the ads wi…
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Didn't GCP manage to lose from this position of strength? I'm not sure even if they're the third biggest
They "lost from a position of strength" in that they had they had the most public-cloud like data centers and started thinking about selling that later than they should have. Bard/Gemini started later than chatgpt , but there's not really a moat for this LLM stuff, and Google started moving a lot earlier relative to GCP vs Amazon. They've got the cash, the people, and the infrastructure to do things faster than the o…
Google can be good on the technological side of things, but we saw time and time again that, other than ads, Google is just not good at business.
As an Ex-OpenAI employee I agree with this. Most of the top ML talent at OpenAI already have left to either do their own thing or join other startups. A few are still there but I doubt if they'll be around in a year. The main successful product from OpenAI is the ChatGPT app, but there's a limit on how much you can charge people for subscription fees. I think soon people expect this service to be provided for free an…
> there's a limit on how much you can charge people for subscription fees. I think soon people expect this service to be provided for free and ads would become the main option to make money out of chatbots. So... I don't think this is certain. A surprising number of people pay for the ChatGPT app and/or competitors. It's be a >$10bn business already. Could maybe be a >$100bn business long term. Meanwhile... making mo…
I doubt the depiction implied by "surprising number". Marketing types and CEO's who would love 100% profit and only paying the electricity bill for an all AI workforce would believe that. Most people, especially most technical people would not believe that there is a "surprising number" of saps paying for so-called AI.