A very cautious update. Microsoft has launched an updated version of Copilot and while Microsoft remains extremely risk-adverse, I think Microsoft has produced a better product than OpenAI even though both are using the same technology. Copilot exists in two forms (cloud and device) and this update makes it clear that the two iterations will increasingly be indistinguishable from one...
A big hangover is yet to come. OpenAI has capitalised on investors’ desperation to invest by raising $6.6bn at a post-money valuation of $157bn and setting very unusual terms that are yet another indication that AI remains in the midst of its 4th and largest bubble. In a short press release, OpenAI announced its fundraising and also went on to...
This time it should work properly. OpenAI is not launching a new model this year, but it is joining everyone else in declaring that voice assistants are the next big thing just as everyone did in 2018 but this time, there is a good chance that 2018’s hype becomes a reality. Crucially, OpenAI is also opening up GPT4o to developers...
One customer is a tough risk to swallow at $7.4bn. Cerebras Systems has filed for an IPO at a mooted valuation of $7.4bn (Bloomberg) but with almost all of its revenues coming from one customer and the tough challenge of taking share from Nvidia in this generation of AI, 28x 2024 revenues and 14x 2025 revenues is a tough pill...
Apple is back to front but can easily flip. While the commentariat is impressed with Meta Platform’s new Orion AR device, it is also unusually critical of Apple which it thinks has made the wrong technical choice, but I suspect that Apple has got much more up its sleeve than everyone thinks. Although there appears to be a lot of...
Meta moves first to take unclaimed territory. Meta showcased the results of billions of dollars of investment and at the same time was not shy of taking shots at its competitors as it staked its claim to the next generation of the digital ecosystem. Connect is Meta’s showcase for developers where the focus this year was all about AI and...
How this is worth $150bn is beyond me. It is said that a company is more than just one man but when almost all of the brains of the company are no longer there, one has to wonder what this means for product launches, revenues and of course, value. In a tweet clearly drafted by a lawyer, Mira Murati, CTO...
LLM controls come at a cost to functionality. OpenAI has finally launched its voice assistant but even after months of delay, key features are missing underlining just how difficult it is to control LLMs when they have no idea what it is that they are doing, and their creators have no idea how they work. OpenAI’s voice assistant is now...
More than the PBOC is needed. China has taken a raft of measures that are finally big enough to stimulate the economy but if China really wants to see a renaissance, it will need to give the private sector more space to invest, create, succeed or fail and critically, make money. After 18 months of drudgery and depression, China’s 2024...
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.
Google – The back foot
Google is on the defensive. E-marketer expects that Google’s market share in US search advertising will drop below 50% in 2025 mainly as others properly monetise their traffic, but this will fuel the debate over the impact of generative AI on an industry that Google has ruled for over 20 years. In 2018, Google’s market share stood at just over...