All industries have conferences and some are worth paying attention to and others are more for the people in the industry. How are they doing? what opportunities are within each firm? the new products companies offer for the season. At some conferences which over the years have gained an expectation that something new for the industry is going to happen, you can think of the Consumer Electronics Show in January in Las Vegas or the Detroit Auto Show. In the computer world, AI is the hot topic because ChatGPT opened up the software for more people to try and potentially use in their personal and business lives. Microsoft had announced its search engine Bing is now powered by AI, but what about Alphabet which makes billions of dollars on advertising revenues from its search engine?
In an article by Jeffery Dastin and Greg Bensinger of Reuters, the elephant in the room, Alphabet recently had a conference to show the world how it was using AI it is products and will continue to enhance all its products with AI. The conference Alphabet had is called the annual I/O Conference in Mountain View, California.
Sundar Pichai, Alphabet’s CEO said they are reimaging all of our core products including search using generative AI into seach, Gmail and Google Photos.
US consumers will gain access to the Search Generative Experience according to Cathy Edwards. The trial process is involved which Google will monitor quality, speed and cost of search results.
The online-advertising pie is estimated to be $286 billion according to MAGNA Research. Google has about 90% of the pie. A percentage point of share to be gained is worth $2 billion in revenue.
Linking to dividend paying stocks, it is difficult to be a leader in any industry and some industries seem to change faster than others. If you are an investor in a leader of the industry, you need to see how they respond to challenges particularly when the gains of market share is worth billions. If you agree with the company, you can hold as Wall Street agrees with your position and the value of the shares increase. If you do not agree then in every industry there are alternatives, some at the right price to make a change.
There are more questions than answers, till the next time – to raising questions.