GOOGL - Its Cybertruck Moment
Google took quite a dive today after an AI demo that was perceived to be not so impressive by the markets. An ad on their twitter account displayed their new Bard AI giving an incorrect answer to a query, an embarrassing moment for the new tech (Very Elon Musk/Cybertruck glass esc).
Google's new focus on AI is going to be massive for the company in the long run. The markets are wary of futuristic visions at the moment with a tightening Fed, and scarred by Meta's metaverse obsession that killed profitability. However, when it comes to AI, Google has a massive advantage. Its competitors, like Microsoft, know this, and have been investing Billions into AI startups. Google's 90+% market share of the web search industry provides a massive database of information for the company to use to educate its AI bots. Google processes 8.5 Billion searches a day, and will no doubt if not already find a way to purpose this massive amount of raw input data into an AI algorithm.
To put it briefly: AI bots are (at least now) trained on databases. Most bots are using the internet as their database, using articles, books, and other texts to replicate human writing. Google has a real time stream of billions of user generated queries, daily. Knowledge is power in the machine learning world, and when it comes to data, Google is king.
Google's new focus on AI is going to be massive for the company in the long run. The markets are wary of futuristic visions at the moment with a tightening Fed, and scarred by Meta's metaverse obsession that killed profitability. However, when it comes to AI, Google has a massive advantage. Its competitors, like Microsoft, know this, and have been investing Billions into AI startups. Google's 90+% market share of the web search industry provides a massive database of information for the company to use to educate its AI bots. Google processes 8.5 Billion searches a day, and will no doubt if not already find a way to purpose this massive amount of raw input data into an AI algorithm.
To put it briefly: AI bots are (at least now) trained on databases. Most bots are using the internet as their database, using articles, books, and other texts to replicate human writing. Google has a real time stream of billions of user generated queries, daily. Knowledge is power in the machine learning world, and when it comes to data, Google is king.
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