The Fed’s Endgame, Alaska Air Turbulence, and Alphabet’s Bull Case 7/25/23
The Exchange
00:00
AI and the Future of Google
We don't think AI is doing anything right now for being in fact in June, being traffic was down month to month. So that should make people feel better about the impact on Google. There is a long term margin question here. How dilutive is AI to margins? We have 4% capex growth for next year. That's probably too low. And I do think over the next 12 months, you're going to find that the cost to do this is going to get a lot less than what has been talked about before. The longer AI is around, the more efficient it'll continue to get.
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