Generative AI

“Second: Meta expands its Generative AI tool suite to games advertising. I believe that Meta will expand this tool suite in 2024 to serve gaming advertisers with bespoke tools that are optimized for gaming creative: highlighting in-game content and depicting gameplay modes.”

“Google Veo 2 is the next blow-your-mind moment in generative AI, and represents Google maximizing its strengths; OpenAI, though, is steadily working on disrupting Search.”

“it seems increasingly clear to me that Meta is in fact the most well-placed company to take advantage of generative AI. Yes, investors are currently optimistic, so this isn’t my usual contrarian take — unless you consider the fact that I think Meta has the potential to be the most valuable company in the world. As evidence of that fact I’m writing today, a day before Meta’s earnings: I don’t care if they’re up or down, because the future is that bright.”

“A half-decade in, Big Technology is alive and kicking. Journalism leads, it takes a village, and YouTube and ChatGPT are surprising new sources of growth.”

“Except it hasn’t worked out that way — at least not yet. Google today is thriving. It’s turned in double-digit percentage sales growth this year and hasn’t given up its dominant lead in search. Its cloud business just hit $10 billion in quarterly revenue for the first time, partly thanks to a surge in generative AI interest. Over the past year, it’s been a better investment than Microsoft, the consensus AI leader. Google’s stock is up 37% across the past twelve months against Microsoft’s 19%, and it leads Microsoft 21% to 12% year to date. Generative AI technology, meanwhile, is boosting Google’s cloud services unit as enterprises try to unlock its value. But so far, Google’s made it through the first generative AI wave with far less damage than anticipated. And now it may be moving forward from a position of strength.”