$GOOGL conference call summary: AI is a once-in-a-lifetime opportunity, and we’ve been working on it for a long time.
$META has got to spend to catch up on AI because they were playing in the Metaverse while we’ve been working on AI since 2016. Maybe
$AAPL is going to bring AI to the phone, but Android users already get to use AI features you can’t get on the iPhone. Some haven’t figured out how to monetize AI, but what do you think we are doing over here?
$PANW may be going back to the drawing board to work on AI, because Gemini is now seen as the Cybersecurity leader. Oh, and we aren’t just using
$NVDA H100s; we are going full Blackwell. We expect to continue to grow capex and will invest to keep us in front of our competitors. By the way, we aren’t spending money on offices, really just infrastructure. Overall, it was a great quarter and we’ve got more to go. Search continues to be the driver of our growth, but YouTube and Cloud are fast contenders. We’ve been developing AI since 2016 and we’ve already got the infrastructure needed. We’ve seen technology shifts before, and AI is just another one. We cut SG&A costs, but we increased R&D.
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