Private sector comes in from the cold Not only did President Xi turn up but he also made comments which indicate that, while he may not like the private sector very much, he realises that he needs it if China is going to come close to meeting any of his ambitions. All that was missing was a picture of President...
Jack Ma may again be the turning point. Jack Ma’s potential meeting with President Xi is a sign that after 4 ½ years, the Chinese state may have had enough of stagnation and could be prepared to let the private sector have a much freer hand. This is precisely what RFM and Alavan Independent have thought is required to get...
Arm will need a major charm offensive. It turns out that Arm may be looking to make its own chips after all in a move that needs to be carefully balanced to ensure that it does not enrage its customers and accelerate the shift away from Arm to RISC-V. The Financial Times (see here) and Reuters (see here) are citing...
There is no GPT-5. OpenAI has disclosed its medium-term roadmap and in the process, effectively admitted that scaling is coming to an end supporting RFM’s long-held view that superintelligent machines are as far away as ever meaning that the real returns from AI will be made from focusing on what AI is good at rather than chasing a pipe dream....
Apple’s privacy server may have to go Alibaba looks like it will be the launch partner for Apple Intelligence in China but the system that Apple has created remains replete with privacy features that are likely to have to be compromised if Apple wishes to launch its service in China. Alibaba’s AI ambitions have been boosted by the possibility that...
Another set of unsubstantiated claims Google has come out swinging against DeepSeek claiming that Gemini is more efficient in both training and inference, but its comments are even more nebulous than DeepSeek’s leading me to think that there is something in what DeepSeek has been claiming. In an interview with Bloomberg (see here), Desmis Hassabis makes a series of observations...
AI is expensive or is it? Amazon reported good results but its inability to accelerate growth at AWS and its $100bn capex bill for 2025 has raised concern just at a time when everyone is questioning whether AI, as it is done in the West, is ridiculously inefficient. Q4 revenues / Adj-EPS were $187.8bn / $1.86 which was in line...
The red herrings of Microsoft, Google and AMD spoil good results. Both Qualcomm and Arm reported good results, but the weaknesses seen at Microsoft Google and AMD made investors skittish although those weaknesses have no bearing on either Arm or Qualcomm. Arm FQ3 25 revenues / Adj-EPS of $983m / $0.39 ahead of estimates of $947m / $0.34 and it...
Google Q4 24 – Core business still sound. Alphabet reported disappointing sales as, like Microsoft, it could not keep up with demand for its cloud services, sending the shares down 9%, creating an opportunity for those interested in growth at a reasonable price. Q4 24 revenues / EPS were $94.5bn / $2.15 missing revenue forecasts but beating profit expectations of...
Richard is founder, owner of research company, Radio Free Mobile. He has 16 years of experience working in sell side equity research. During his 11 year tenure at Nomura Securities, he focused on the equity coverage of the Global Technology sector.
Grok 3 – Spoilt for Choice
The count of equally good models continues to rise xAI has released the latest version of its Grok model and, while it scores very well on all of the most advanced benchmarks, it struggles like everyone else with the basic stuff implying once again that LLMs alone are not going to deliver the superintelligence that the industry craves and that...