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Why doesn't the market believe Google's Q2 performance exceeded expectations?
First, the advertising revenue of Youtube in the second quarter did not meet expectations, leading to a slowdown in business growth; Second, high technical infrastructure expenditures have raised profitability concerns.
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Google AI begins to deliver profits.
Under AI-driven technology, Google Q2 cloud business reaches a new high. Advertiser profit increases by 15%, and ad revenue grows 11% year-on-year.
Zuckerberg: Llama has the potential to become a new open-source AI standard. Version 3.1 is a key turning point.
During the interview, Zuckerberg stated that open source will become a key force in driving the development of AI, because it can ensure that everyone benefits and make development more secure and reliable. The release of Llama 3.1 will propel this trend forward. He also revealed the latest progress of Llama 4 and expressed a negative attitude towards Apple's closed ecosystem.
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Google's phone call has four main points: the risk of AI "underinvestment" is much greater than the risk of "overinvestment".
Google expects its operating margin to be higher than last year in the fiscal year 2024, but it may lag behind in the third quarter due to depreciation and high expenses.