Although Google, Maps, Youtube are of daily use they are monetized exclusively by advertising which is annoying and hated by many. It has been many years since Google has launched an innovative new product.
I don't think ChatGPT will gain daily traction after this hype. Anyway we could say that MSFT and AMZN have demostrated more power to innovate with different business models (not only adv) and products.
The GOOG stock has a PE (Price/earning) of 23, while Coca cola 26. So the stock market expect higher growth from CocaCola than Google. Quite surprising.
- GOOGLE PE (23): https://www.macrotrends.net/stocks/charts/GOOGL/alphabet/pe-...
- COCA COLA PE (26): https://www.macrotrends.net/stocks/charts/KO/cocacola/pe-rat...
Google's gotten through the first 95% of the work, but the remaining 95% is gonna take awhile.
1. Car infested ergo perfect venue area for testing autonomous cars, since the infrastructure is through and through car oriented at the detriment of every other form of mobility (walking, cycling, buses, trams, trains, etc)?
2. Super hot and sunny, ergo no fog, no rain, no sleet, no ice, no special weather conditions to handle.
3. Flat like a pancake, making terrain management, coupled with the nice, wide roads from point #1, so super easy mode.
Let's see them scale Waymo to at least 3 out of the following: San Francisco, NYC, Bucharest, Istanbul, Mumbai, St. Petersburg, etc.
That could be at least a decade away.