GoogleGOOGL+40.2% over 10mo
Sacks argues Google faces an existential threat to its core search business as users shift to AI chatbots, with ~90% of AI revenue going to OpenAI and multiple competitive AI players challenging its dominant position.
Google for the first time in a long while is existentially threatened by what's happened with AI. I mean, their cash cow, the core of their business is search, and people are starting to substitute in droves from traditional Google” ⚑
Chamath argues the antitrust ruling removes enormous downside risk for Google, freeing it to compete aggressively in AI without internal/external drag, and that the free market is already doing the job of forcing competition.
The great news for Google is that this takes an enormous risk off the table. And now I think that they probably have even more ambition and energy to just go for it and try to compete.” ⚑