Why their shares tanked 10% then?

The buildout is out of control lol

It's wild how quickly the tide turned from big tech companies having hundreds of billions in cash reserves and not knowing what to do with it to now taking on hundreds of billions in debt for questionable infrastructure buildouts.

I mean, it will pay off for society one way or the other — we’ll have the datacenters and (hopefully) the weights at the end of this.

That’s an amazing amount of revenue and spend, though. Wild.

> could in theory be sold today to raise a trillion dollars in cash

Nothing worth a trillion bucks can be sold today. :)

Also, this does include things like property and equipment ($375bn), which I'm guessing are essential for running the business.

That aside, GOOG does hold $265bn in cash and near cash, which is clearly a lot of money.

Ad sales grew

As sales dropped probably because people ask their AI for answers and searches instead of Google…

Ad sales fall because the AI mania has made it clear that Big Tech does not care about humans, so humans go elsewhere.

This isn't true. Meta ad sales and traffic are surging. This is mostly a problem with Google.

I'm sure Google will end up being one of the winners no matter what but man the market hates the stock. It was trading at 16 p/e before earnings and is now at like 14. Less than half of Microsoft, Apple, Nvidia.

this happens a 3-4 times a year and it bounces back within a few months

Although Argon hasn't delivered on coding yet I think that it's just the first checkpoint of the new model family since Hassabis, and I think it's promising, so if they can get a few good checkpoints in and then price gauge anthropic they can get that sweet sweet coding tools subscription revenue. Antigravity is not that bad, pair it with a good model with good limits, ideally slightly cheaper than the X5/x20 sub from Anthropic, and I, for one, would switch.

> Youtube meh, like always (weird that it doesn't kill it)

It's a huuuge training set, why would they kill that?

Youtube has sucked for many years. I just don't know how much Google is responsible for it. Back in 2006, they were dealing with copyright battles (despite the fact they won their lawsuit against Viacom) so Google bought them to help them out with their resources. The site itself has tons of censorship and bad targeting on the recommended videos and I think Neal Mohan has made it even worse the last few years with more and more ads and Shorts and everything

Negative free cash flow is not the same as losing money

Like others, desperate to make sure they're the next Google.

posting about negative free cash flow seems to be the new tell for those pretending to know what happens next in the AI era. this post included.

[dead]

You can't think of any reasons not to like AI?

Personally, because it forced me to abandon my craft as programmer and become meat proxy ...soon to be replaced.

I've found people on HN to be far more AI-tolerant than any other group of people I've encountered yet.

Because there are a lot of people on HN and the general population is very split on AI.

Well it’s currently negatively affecting my life in every aspect other than being an upgrade to searches.

I don’t discount its capabilities since around April of this year, it passed my bar for being able to do amazing things. But it has also made any interaction I’ve had with companies a living nightmare and appears to have permanently deleted my career and knocked me down 1-2 economic classes.

Personally because it’s made pc parts unaffordable or unobtainable.

being pro-Ai is a minority or outsider position even though AI critics frame themselves as outsiders.