Dan Ives, technology analyst and commentator joins Michael Batnick and Downtown Josh Brown on the podcast. They discuss the next big thing in technology, Tesla's 2024 outlook, Google's gains in AI, top cybersecurity stocks, and the best CEOs in the tech industry.
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Quick takeaways
AI becoming mainstream at CES opens up new opportunities and advancements in various industries.
The X-Pang flying car showcased the future of aerial transportation and generated excitement.
Apple's dedication to AI with plans for an AI app store and Vision Pro highlights its potential to revolutionize industries.
Deep dives
Main Point 1: AI is a game-changer at CES
AI became a mainstream technology at CES, leading to new opportunities and advancements in various industries. The focus was on understanding the use cases for AI and witnessing the significant presence of executives from big tech companies attending the event.
Main Point 2: X-Pang's Flying Car
One of the unexpected highlights at CES was the X-Pang flying car, which showcased the advancements in aerial transportation. This real-life flying car captured attention and sparked excitement for the future of transportation technology.
Main Point 3: AI App Store and Vision Pro
Apple's plans for an AI app store and the upcoming release of Vision Pro were notable developments at CES. The AI app store will allow developers to create and market AI-driven apps, while Vision Pro will offer a new form factor with cutting-edge technology. These innovations illustrate Apple's dedication to AI and its potential to revolutionize various industries.
Main Point 4: Tesla's Promising Year
Tesla is expected to have a successful year, driven by various factors including price cuts, increased software capabilities, and battery technology advancements. The company's focus on software, autonomous driving, and its expansion into new markets positions it as a leader in the AI-driven electric vehicle industry.
The potential acquisition of ESPN by Apple
There is speculation that Apple could acquire ESPN due to the value of live sports content. The prediction is based on the recognition that live sports content is highly desirable, and Apple could benefit from acquiring a rare asset like ESPN. The potential acquisition could be worth around $35 billion, and it would give Apple a strong presence in the forefront of the culture wars, which is a departure from their typical brand image.
The underestimation of streaming and content by incumbents
Several incumbent companies, such as Cisco and NBC, missed the significance of streaming and content and underestimated its potential impact. The slow response and late entry into the streaming market resulted in missed opportunities for these companies. Streaming cannibalized their profits, and they failed to recognize the growing popularity and success of platforms like Netflix. Retail investors, on the other hand, showed a better understanding of trends in the technology and entertainment industries.
On episode 125 of The Compound and Friends, Michael Batnick and Downtown Josh Brown are joined by Dan Ives to discuss: the next big thing in technology, Tesla's 2024 outlook, Google gaining ground in AI, semiconductors, top cybersecurity stocks, the best CEOs, and much more!
Thanks to Dimensional ETFs for sponsoring this episode. To learn more about the Dimensional difference, visit: https://www.dimensional.com/
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