For more, let's bring in Alex Caneritz, the founder of Big Technology and a CNBC contributor, and Gil Laura, who is an analyst at DA Davidson. Welcome to both of you. Alex, how significant are the OpenAI announcements today.>> They're pretty significant, and that is because OpenAI is now taking a strategic pivot in a way where they were previously really focused on consumer, now they're all in on enterprise. I have some reporting that earlier this week, Sam Alman sat with heads of New York publications and ...

For more, let's bring in Alex Caneritz, the founder of Big Technology and a CNBC contributor, and Gil Laura, who is an analyst at DA Davidson. Welcome to both of you. Alex, how significant are the OpenAI announcements today.>> They're pretty significant, and that is because OpenAI is now taking a strategic pivot in a way where they were previously really focused on consumer, now they're all in on enterprise. I have some reporting that earlier this week, Sam Alman sat with heads of New York publications and ...

And it's time for the big three. We've got three stocks, three charts, and three trades. Rick Ducat will take us through the charts as always.Here to take us through the trades today is Dan Deming, managing partner at KKM Financial. Thank you both for being with us. Dan, great to see you.You know, we finally got this Fed rate cut decision. Markets a bit mixed today. You know, I'd love to get your thoughts on the decision we got yesterday and the response that we're seeing today.You know, in conjunction with ...

Alphabet's Google is expected to be fined by EU antitrust regulators next year for not doing enough to comply with EU rules against favouring its own services and products in search results, people fa... ...

Katelyn Chedraoui Writer IKatelyn is a writer with CNET covering artificial intelligence, including chatbots, image and video generators. Her work explores how new AI technology is infiltrating our lives, shaping the content we consume on social media and affecting the people behind the screens. She graduated from the University of North Carolina at Chapel Hill with a degree in media and journalism. You can reach her at kchedraoui@cnet.com. Expertise artificial intelligence, AI image generators, social me ...

文|有风 编辑|有风 景林资产管理合伙人高云程在客户交流会上扔出一句话，把在场不少人听愣了，"现在市场就像夏天穿 棉袄，一边热得冒汗，一边冻得发抖。" 这话不假，最近走一圈市场就能发现，白酒经销商仓库里的货堆到天花板，AI芯片公司的订单却排到 了年底。 高端白酒批发价跌了小半年，有经销商吐槽，以前一箱酒赚的钱够吃顿饭，现在赚的只够买包烟。 核心城市二手房更不用说，挂牌量创新高，买家却拿着放大镜挑毛病，砍价砍得房东直摇头。 这边传统行业愁眉苦脸，那边新经济却在狂欢。 AI产业链的公司最近忙着扩产能，有光模块企业老板说，车间24小时连轴转，还是赶不上订单节奏。 新能源储能项目也火，以前找政策支持，现在各地政府主动上门谈合作。 为啥会这样？高云程觉得，这不是短期波动，是经济在换"发动机"。 旧的引擎转不动了，新的引擎刚启动，中间难免有点"换挡顿挫"。 就像开车，踩油门的瞬间，转速上去了，速度还没完全起来。 AI模型迭代快得吓人，听说景林内部都在用AI整理会议纪要，以前两小时的活儿，现在十分钟搞定。 新能源更不用说，中国企业从电池到整车，产业链一条龙，成本和效率在全球都是数一数二的。 高云程判断，今年货币政策会宽松， ...

May the slop be with you?The Walt Disney Company said Thursday it will invest $1 billion in OpenAI in a deal that will allow users to churn out AI videos with copyrighted characters from “Star Wars” and more through the artificial intelligence firm’s Sora app.The announcement of the deal — which seems poised to flood the web with even more AI slop — came a day after Disney threated legal action against OpenAI’s rival, Google, over alleged copyright infringement on a “massive scale.” 3 The photo above is a ...

Core Viewpoint - Google stock has gained significant attention due to new AI product launches and ongoing antitrust developments, raising questions about its future valuation and potential for further appreciation [2][3]. Financial Performance - Alphabet has achieved an average annual growth rate of 11.0% in its top line over the last three years, with revenues increasing by 13% from $340 billion to $385 billion in the past 12 months [7]. - Quarterly revenues rose by 15.9% to $102 billion in the latest quarter, up from $88 billion a year prior [7]. - GOOGL's operating income for the last 12 months was $124 billion, reflecting an operating margin of 32.2% [8]. - The company produced nearly $151 billion in operating cash flow during the same period, with a cash flow margin of 39.3% [8]. - GOOGL reported a net income of approximately $124 billion, indicating a net margin of around 32.2% [8]. Valuation and Market Position - GOOGL is currently viewed as fairly priced, with a high valuation reflecting its strong operational performance and financial health [3]. - The company's market capitalization stands at $3.9 trillion, with a debt of $34 billion, resulting in a debt-to-equity ratio of 1.1% [10]. - GOOGL's cash and cash equivalents amount to $98 billion, producing a cash-to-assets ratio of 18.4% [10]. Resilience and Recovery - GOOGL has shown moderate resilience during economic downturns, performing slightly better than the S&P 500 index during various recessions [9]. - The stock experienced a peak-to-trough decline of 44.3% from November 2021 to November 2022 but fully recovered to its pre-crisis high by January 2024 [11]. - GOOGL stock has demonstrated a strong recovery pattern, rebounding from significant declines during past crises, including the 2008 financial crisis and the COVID-19 pandemic [11].

Core Insights - Alphabet is emerging as a significant player in the AI chip market, particularly with its tensor processing units (TPUs), which pose a new challenge to Nvidia's dominance in the sector [3][12] - The AI infrastructure market is projected to reach $7 trillion by 2030, with substantial investments from hyperscalers, indicating robust demand for both Nvidia's GPUs and Alphabet's TPUs [14] Group 1: Alphabet's Position in AI Chip Market - Alphabet's TPUs are gaining traction and are being utilized by major tech companies, including OpenAI and Meta Platforms, highlighting their growing demand [8][9] - TPUs are specialized hardware designed for deep learning, contrasting with Nvidia's versatile GPUs that support a wide range of AI applications [5][6] - The introduction of TPUs enhances Google's cloud ecosystem, making it a compelling offering for clients seeking AI solutions [9] Group 2: Competitive Landscape - Despite the rise of TPUs, many users, including Google, continue to rely on Nvidia's GPUs, indicating that TPUs are not replacing GPUs but rather complementing them [12][16] - Major deals involving Nvidia's GPUs, such as OpenAI's $38 billion contract with AWS and Anthropic's $30 billion agreement with Microsoft Azure, demonstrate the ongoing reliance on Nvidia's technology [10][11] - The AI chip market is characterized by multiple players, suggesting it is not a winner-take-all scenario, which may mitigate concerns for Nvidia investors [14][17]

Core Viewpoint - Disney has issued a warning to Google regarding alleged copyright infringement related to the use of Disney's content for training AI models and distributing images and videos, particularly on YouTube, following Disney's $1 billion investment in OpenAI, a competitor of Google [1][4]. Group 1: Copyright Infringement Allegations - Disney claims that Google is infringing its copyrights on a massive scale by using a large corpus of Disney's copyrighted works without authorization to train and develop generative AI models and services [5]. - The letter from Disney demands that Google remove all infringing Disney content from YouTube and YouTube Shorts created with its AI services [2]. - Disney has previously sent cease-and-desist letters to other companies, including Meta and Character.AI, and has filed litigation against Midjourney and Minimax, indicating a broader effort to control piracy of its intellectual property in the AI landscape [3]. Group 2: Competitive Landscape - Disney's investment in OpenAI aims to create a legal framework for accessing its characters and intellectual property, positioning itself against Google in the competitive AI market [4]. - The letter highlights that Google's AI services, including Veo, Imagen, and Nano Banana, are being used to commercially exploit and distribute copies of Disney's protected works, raising concerns about Google's market dominance in generative AI [5]. - Disney's letter emphasizes that Google's actions are flooding the market with infringing works, leading to significant profits from the unlawful exploitation of Disney's copyrights [5].