Offshore
AkhenOsiris RT @TechFundies: MS TMT: MS did a good job of asking the tough questions of $GOOGL and Chief Business Officer put up strong defense. Feels sentiment is one way here and stock probably oversold. Stock trades at 16.7x GAAP 2025 EPS here. Highlights…
dvertisers using at least one AI powered search solution
-Pmax doing well – introduced Gemini here which helps w/ keyword creation, asset creation, conversational experience on YouTube side, improving video and measurement side
-Exciting new ad opportunities – projecting furniture into your house, helping pick items, etc.

YouTube
-Have used AI for a long time for targeting, measurement, etc.
-Most important thing to recognize about YT is it is all about enabling the creator – have AI ability to change background, generate audio track, provide inspiration, etc.
-AI video models will help creators and ad creation
-2b viewers of shorts w/ 70b daily views

Cloud
-1) More infrastructure providing highly optimized AI infra
-2) Whole platform layer – Vertex AI where offer own and third-party models
-3) Application – Gemini workspace (gmail / docs / calendar) and Gemini GCP for smart assistant for data analyst / developer / etc.

Costs
-Restructured services team in 2016 / 2017 in anticipation of AI
-Running very tight ship
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4) Curaleaf's Robust Year-End Report —

Cannabis company Curaleaf celebrates a strong year-end performance, signaling growth in the legal marijuana industry. #CannabisGrowth
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3) Japan’s Inflation Challenge Mounts —

Japan grapples with inflation, raising concerns about economic stability and monetary policy implications for businesses. #Inflation
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2) US Senator Takes Aim at Chinese Auto Imports —

A key Republican senator proposes controversial legislation targeting the import of Chinese automobiles into the US market. #TradePolicy
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1) Ex-Google AI Engineer Indicted on Theft Charges —

Former Google AI expert charged with stealing sensitive trade secrets before joining a Chinese competitor. #CorporateEspionage
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4) Enbridge's Pipeline Commitment —

Enbridge set to invest $500M in its pipeline business, signaling confidence in the future of fossil fuel infrastructure. #EnbridgeInvestment
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3) Tech's China Ad Boom —

Big American tech companies see a surge in profits from Chinese firms' aggressive advertising, defying geopolitical tensions. #AdRevenue
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2) Biden's Defense Budget Blueprint —

President Biden's 2025 defense budget request includes a modest 1% increase, facing both geopolitical and fiscal pressures. #DefenseBudget
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1) Meta's New AI Ambitions —

Meta announces plans to develop a giant AI model to transform its video ecosystem, marking a significant tech advancement. #MetaAI
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Tomorrow high profile names after the close:

AVGO Broadcom Inc.4:15 PM
$9.40 EPS $11.71B Rev

COSTCostco Wholesale Corp.4:15 PM $3.60 EPS$59.20B Rev

MRVLMarvell Technology4:05 PM$0.46 EPS$1.42B Rev

MDBMongoDB, Inc.4:05 PM
$0.47 EPS $433.7M Rev
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2) Australia-Vietnam Relations Ascend —

Australian and Vietnamese prime ministers boost bilateral ties, paving the way for stronger economic collaboration amid regional geopolitical shifts. #Diplomacy
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1) Ex-Google Engineer Faces Charges Over AI Secrets —

A former Google engineer is accused of stealing AI technology to benefit a Chinese firm, signaling rising concerns over intellectual property theft. #IndustrialEspionage
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4) BBB Unveils Top Consumer Scams of 2023 —

The Better Business Bureau's 2023 report exposes the year's top consumer scams, highlighting the need for vigilance and fraud prevention measures. #ConsumerProtection
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3) US Counters Beijing in South China Sea —

The US steps up efforts to counter China's assertive tactics in the South China Sea with significant spending, reflecting ongoing strategic rivalry. #Geostrategy
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