That's The Way Tech Goes, But Don’t Forget It Goes The Other Way Too | Okay, Computer.
Dec 13, 2023
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Deirdre Bosa, CNBC journalist and tech expert, discusses big tech headlines including Oracle sinking on earnings, the potential broadening of the Big Tech Rally in 2024, and Google's delayed Gemini Gains. The podcast also covers tech regulation, the private tech market, and recent funding rounds for AI startups.
Investor psychology heading into 2022 is influenced by Oracle's disappointing earnings, raising questions about the recovery of recurring revenue.
Regulatory concerns around monopolistic behavior and AI oversight will be key factors to watch in 2022.
Deep dives
Disruption of traditional banking by FinTech company Current
Current, a FinTech company, is disrupting traditional banking by offering a user-friendly app that allows users to manage their finances easily. This eliminates the need to visit physical banks and provides convenience. Current.com/OK is the website where users can learn more and download the app.
Earnings reports and investor psychology
The podcast discusses the recent earnings reports of companies like Oracle and Broadcom. The stock market's performance this year has been defined by the divide between successful and struggling companies. The disappointing results of Oracle's second quarter in a row have given insight into investor psychology heading into the new year, as the stock has significantly declined from its all-time high. It raises questions about the software recession and the recovery of recurring revenue going into 2022.
Tech giants' battles and regulatory concerns
The podcast delves into the ongoing battles faced by tech giants like Alphabet and Microsoft in terms of regulation and antitrust issues. The release of Google's Gemini AI and its impact on markets, as well as investigations into the OpenAI-Microsoft investment by the FTC, highlight the concerns around monopolistic behavior and the need for oversight in the AI space. The regulatory landscape and its potential implications for tech companies are expected to be key factors to watch in 2022, particularly with an election year approaching.
Private market dynamics and AI startup challenges
The podcast explores the dynamics in the private market, with a focus on AI startups. While access to capital might be more challenging for pre-revenue AI startups, buzzworthy companies in the generative AI space continue to attract significant funding. However, investors are becoming more discerning, and startups relying on existing AI models or placing them on top of Big Tech platforms may face tougher competition. Concerns of a potential bubble in AI are also discussed, with expectations of a correction in the AI market in the coming year.