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...
Stadia launched in 2019.
Also, it's already dead.
Stadia might have been well executed from a technical standpoint but AAA game streaming wasn't exactly a new and innovative idea in 2019.
The only one of those I'd used was Geforce Now, and found it very similar to Stadia wrt latency. Stadia had a much nicer interface, though.
I don’t know how much. Money it makes, but there is paid API access to maps.
The press loves a David and Goliath story; the young disruptor versus the stodgy disrupted.[1] At that time, Dropbox was David, coming out of nowhere in a hurry and had a product that seemingly should be so obvious for Google to launch but hadn't - making Google seem antiquated and slow.
Fast forward a couple of years (aka a decade) and Dropbox is still going ok but Google Drive is by far more ubiquitous.
I guess only time will tell.
[1] Dropbox Versus The World https://www.fastcompany.com/3042436/dropbox-versus-the-world
Even Google winning the AI wars leaves them worse off as the operating profit potential of querying an AI vs their search index has to be far lower.
As to usage, once you start to integrate ChatGPT into your workflows it can meaningfully benefit vs traditional search. Ive been able to find information on specific programming language concepts, with generated examples, far faster than searching.
I can ask it about GameDev concepts and ask for bulleted lists or higher/lower level of detail in the answers. Information is presented in a much easier to consume manner
That being said, most stocks that are considered defensive are quite overvalued on a fundamental basis. I would consider a PE of 26 for Coke quite undesirable, though there’s much worse
At the same time, a lot of these platforms ran effectively unopposed for many years, and now competition in advertising is spreading quite rapidly
Google's gotten through the first 95% of the work, but the remaining 95% is gonna take awhile.
Which is perhaps why Google didn't really focus on creating a Dropbox like product until it was forced to because the more long term profitable for Google was a solution/vision based around a cloud first experience.
In some ways, it might even be good. It's suffering from a kind of advertising resource curse nowadays, and being forced and able to diversify its economy would be best in the long term.
They had an enormous moat and edge in search, but not seeing it for this next wave of AI. Barrier to entry seems far lower
> Employees were encouraged to spend up to twenty-percent of their paid work time pursuing personal projects. The objective of the program was to inspire innovation in participating employees and ultimately increase company potential. For Google's part, Gmail and AdSense both arose out of side projects. In 2013, Google discontinued 20 percent time.
What has Google released since 2013[0]? Stadia?
Then you tack on that Google Search as of today is basically unusable/broken with people needing to append site:, double-quoting everything, or enabling verbatim search to get high quality results. Heck, on top of that, I also have a uBlock configuration that removes 280 domains from Google Results because they're all auto-generated spam of Stackoverflow answers.
There is something deeply wrong with the culture inside Google.
Youtube Music is really .. strange.
It looks wrong/outdated everywhere.
Generated playlists (recomendations) are always (for days/weeks) the same. Not a bit randomization. It feels like they were approved by party commitete for years.
I don't understand why they decided social network in music service.
Ah hell. CUE-lists are still too novice technology for them.
I still think that last.fm 15 years ago was the best music service.
- GCP Suite (a full integrated and consistent suit, answering so many things)
- Google Workspace (trust me when you get to know everything that is possible you will be amazed)
- Tensorflow and other Machine Learning applications
Not as mission critical as the desktop app, but still pretty frustrating that they can't handle this core functionality after years and millions spent on other bells and whistles.
I find YouTube quite easy to use, esp the shortcut keys.
Recommendation system is another story.
Google Cloud is a worse clone of AWS, is that innovative? Redmond-style photocopying?
I'll give you TensorFlow, but we're talking about that being their death knell, so congratulations about signing their own death-warrant?
It went from "spend 20% on whatever project you find interesting!" to "spend UP TO 20% on a project your manager approves of and can defend from their manager, with routine reporting on the status, direction, and potential outcomes."
Employees went from wanting to work at Google for the "20% Time" to not using it because it was a huge hassle that could risk their career advancement, if your 20% time project didn't pan out. It went from a perk to a gamble almost overnight.
The result in the same either way though: Google stopped innovating.
Since I can’t paste screenshots from my terminal, you can see the sector P/Es on page 6:
https://www.spglobal.com/spdji/en/documents/performance-repo...
Can you describe exactly what you mean? If there is a way to hide specific domains from showing in search results, it would be an incredible boon for me.
This certainly hasn’t been my experience. I’ve found GCP products to be much better/easier to deal with than their AWS counterparts.
I can say the exact same thing about countless other large companies: Facebook, Intel, Microsoft, Boeing, AMD, AT&T, I could go on and on. At some point, launching innovative new products isn't really that important for a company, when many people on the services that company provides.
https://github.com/quenhus/uBlock-Origin-dev-filter
In particular look at: dist/google/ and stackoverflow_copycats.txt
https://github.com/quenhus/uBlock-Origin-dev-filter
In particular look in the dist folder, find your search engine(s) of choice, and then get the blocklist you'd like. Paste into "MyFilters" in uBlock.
Bonus: Here's one that entirely blocks Youtube Shorts in your Subscriptions feed:
www.youtube.com##ytd-grid-video-renderer:has(#thumbnail[href*=shorts])Disrupt yourself before someone else does.
No it won't. It will be an option for those who can depend on a car service due to proximity to a city.
Here’s a tour of the recreation https://maps.app.goo.gl/syHHp9GWmaGA5Woz7
Sounds like a majority to me.
The "at most a few years from profitability" after a period of what, 15 boom years?, doesn't sound that great as the 3rd place contender.
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.
Also the comparison is between Google versus Dropbox (the underdog David that's analogous to OpenAI), not Google versus Amazon or even Google versus Microsoft.
Google is 51% of office productivity software market versus Microsoft. Microsoft is at 47%, Dropbox isn't even listed. [1]
Dropbox has a decent share of the personal cloud storage market but has really failed to expand beyond that vertical or become significantly profitable. [2]
[1] https://www.statista.com/statistics/983299/worldwide-market-...
[2] https://www.statista.com/statistics/1328893/global-file-shar...
I'm not "blaming" them, it's the cycle of life. Gravity eventually wins.
This is also a key reason for all the layoffs: Growing, innovating companies cannot ONBOARD staff fast enough, because their value is decided by how big they will be in the future and how fast they can get there. People are a profit centre. But mature companies' (in mature industries) only source of increased value is in efficiency, getting the same revenues with less costs. So people are a cost centre and they succeed by showing they're efficient (aka laying off workers).
I love chatGPT but it clearly has a ton of issues. To declare Google dead that is point is completely absurd.
I can't think of a single transformative technology that actually has a first mover advantage. The first, second and third mover seem to make all the mistakes and setup the forth mover to learn from those mistakes for free and create a monopoly.
Counting out a company that owns Deepmind is just not rational.