Topic

GOOG

A collection of 77 issues

The Fleet Owners' Push for Aggregating Demand

Last week, Financial Times reported that Waymo notified Uber that it intends to launch its own app in Austin and Atlanta in January 2028. These were the two cities where Waymo’s robotaxis have been exclusive to Uber’s platform after the two already unwound their Phoenix pilot earlier this

Alphabet 2Q'26: Google Cloud is On Cloud Nine

For the first time as a public company, Alphabet reported negative Free Cash Flow (FCF) in 2Q’26. That sounds scary (only if you have very rudimentary understanding of investing); you need to juxtapose it with the fact that the same company has now accelerated its revenue for six consecutive

The ASIC-GPU Standoff

My friend Liberty recently highlighted an interesting paper from Google that goes through the evolution of TPUs. The objection to domain-specific silicon which might sound quite persuasive is the one about obsolescence: a chip may take two to three years to design, fabricate, and deploy, and AI moves fast

The Honeymoon Phase of Capacity

Although I am yet to write any Deep Dive on any neocloud, I still like to pay close attention to what they are saying during their earnings calls. Both CoreWeave and Nebius had some interesting nuggets in their 1Q’26 call. Let’s start with CoreWeave. Just like the hyperscalers,

Digital Advertising Industry Snapshot 1Q'26

As I do after every quarter, let me share the snapshot of the overall digital advertising industry. Please note that digital advertising industry is defined as Alphabet’s advertising revenue+ Meta’s advertising revenue+ Snap revenue+ Pinterest revenue+ Microsoft Search advertising revenue+ Amazon advertising revenue+ Trade Desk revenue+ AppLovin revenue.

Alphabet 1Q'26: Stratospheric Heights in Performance and Expectations

Alphabet’s revenue growth has accelerated for five consecutive quarters. Except for Google Network business which is increasingly irrelevant, every part of the Alphabet business is humming right now. As mentioned yesterday, despite growing at an incredible ~19% in 1Q’26, Google Search still continued to lose share in digital

Man and Machine

For a typical company, analysts and investors evaluate a company’s capital allocation by looking at how the company allocates the cash it generates. Ultimately, there are only five things you can do with your cash flow from operations: a) invest in your own business to grow more in the

"Founder Mode" Complacency

Colossus recently published a chapter from Sebastian Mallaby’s new book on Demis Hassabis titled “The Infinity Machine”. I haven’t read the book, but did read this chapter. It was a riveting read. While I knew DeepMind had second thoughts about staying within Alphabet’s umbrella, I didn’t

Thoughts on Last Week

Programming Note: I will take tomorrow off as I have some family commitment. I will be back on Monday. Ouch! Last week was quite terrible for MBI portfolio. I will share some thoughts on how I am thinking through the portfolio behind the paywall. In addition to “Daily Dose” (yes,

OpenAI's Dilemma

WSJ yesterday had an interesting reporting on why OpenAI is pondering to focus more on enterprise. Some excerpts from the piece: “OpenAI’s top executives are finalizing plans for a major strategy shift to refocus the company around coding and business users, recognizing that a “do everything all at once”