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- Google's shares are flying
Google's shares are flying
+ AI Ray-bans... look pretty cool!
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In 2006, NASA detected a mysterious sound known as the "space roar" with their ARCADE instrument. This sound was six times louder than expected and was not caused by any known cosmic source, puzzling astronomers as to its origins.
TODAY:
Google: Is cashing in big on AI
Meta Glasses: Finally, a promising AI gadget?
Around the web: Google challenges a DOJ lawsuit, claiming it excludes major online ad competitors like Facebook and TikTok.
Learn how you can go unlimited with Dante AI!
Alphabet, the parent company of Google and YouTube, recently announced its first-ever dividend after a significant increase in profits for the first quarter of 2024.
What drove this increase? I’m sure you can guess…
Shares climbed sharply as CEO Sundar Pichai highlighted the pivotal role of artificial intelligence in the company's earnings and future.
Investor enthusiasm was evident, with a 15% rise in share prices following the announcement.
Big bucks and buybacks
The company reported a 15% increase in revenue to $80.5 billion from the previous year and earnings per share rose from $1.17 to $1.89, surpassing analyst predictions and showcasing steady growth.
What you should know:
Alphabet introduced a quarterly dividend of $0.20 per share, marking a shift towards rewarding shareholders.
The company is rapidly incorporating AI across its operations, enhancing innovation and operational efficiency.
Despite internal and external pressures, Alphabet continues to thrive financially and push boundaries in innovation, especially in AI and cloud computing.
Significant growth drivers included Google Search, YouTube, and Google Cloud, with the latter's operating income quadrupling to $900 million.
Despite challenges like rising traffic acquisition costs and external controversies, including employee protests and ongoing legal battles, Alphabet maintained a strong market stance.
The company also committed to a $70 billion stock buyback.
Alphabet's ability to overcome various challenges while continuing to innovate and achieve strong financial outcomes highlights the company’s resilience and strategic foresight.
Google's got more money than they know what to do with, thanks to AI.
Can Google keep up this growth? |
Vote for live results and see results + opinions from yesterday at the bottom of the email.
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On This Day
28th April 2001 - Millionaire Dennis Tito becomes the world's first space tourist, travelling to the International Space Station aboard a Russian Soyuz spacecraft.
AI Image or Real? - The Results!
Someone ordered an Iced latte at their local coffee shop and sent this.
74% said AI
26% said it was real
You guessed it! It was made with Midjourney. Now I need a coffee…
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CEO Bob Worsley multiple exit founder
COO Dr. Michael Schmitt (previously Tesla and Bosch)
$74M in grants announced from Navajo Nation
META GLASSES
Last year, Ray-Ban and Meta introduced smart glasses that worked as both a camera and headphones.
Initially, they lacked multimodal AI functionality, which lets the AI assistant handle various data types like images and sounds.
Now, this feature has arrived and is available to all users, enhancing the glasses' functionality.
This update comes as the Humane AI Pin, another tech product, failed to impress due to poor performance.
Despite this, the Ray-Ban Meta Smart Glasses seem promising.
The glasses offer specific functions like identifying plants, translating signs, or generating Instagram captions.
Not your basic specs
The AI takes a picture, analyses it via cloud-based AI, and sends the result to your ears.
While it's not flawless—it can misidentify items—it's still quite useful and fun to explore what it can do.
About the glasses:
The glasses are useful for on-the-go tasks like object identification and language translation.
The AI works well overall but struggles with accuracy from a distance due to the lack of zoom.
These glasses fit well into daily activities, particularly outdoors, enhancing experiences without being intrusive.
In summary, the Ray-Ban Meta Smart Glasses with multimodal AI offer a practical mix of everyday utility and cutting-edge tech, suitable for tech-savvy users.
Finally - an AI gadget we might actually buy…
Mindstream Picks
"Alien: Rogue Incursion," a VR game, based on the "Alien" franchise, is set to launch this holiday season.
China successfully docked its Shenzhou-18 spacecraft with the Tiangong space station on Thursday, marking a milestone in its space exploration efforts.
Crypto startups secured over $90 billion in funding by February 2024, mainly in decentralised finance, infrastructure, blockchain gaming, NFT, and web3 projects.
Hasbro's self-transforming Optimus Prime now has a rival: Megatron arrives with auto-converting action and voice lines from the original actor, Frank Welker.
Don’t Miss - Alphabet Inc.'s Google has requested a judge to dismiss a Justice Department lawsuit that accuses it of monopolising online ad sales technology. Google argues that the lawsuit defines a contrived market that excludes significant competitors such as Facebook, Instagram, Amazon, and TikTok, which also compete in online and app-based advertising.
AI Art
Our Image of the Day
Artwork submitted by Mindstream reader Julia Lewis: “A horror movie starring barbie dolls”
Daily Image Prompt
Ancient Egyptian artwork showing aliens
We get a lot of submissions, but we do look at every single one! So please don’t hesitate to send us your art.
Yesterday’s Poll
“Are you excited for AI on your iPhone?”
Yes - Finally Siri won't suck! 79% ✅
No - Don't need it! 21%
Reader’s Opinions
“Siri looked was smoke and mirrors. Cool interface feeling like a trusted partner. Think “Her” with Joaquim Phoenix. Siri is your annoying comedy side kick that can’t actually help (at the moment).”- medford.torr
“Last time I asked Siri for the cheapest gas station around, while driving near Dresden in Germany, and I got suggestion for some gas station in Florida, neatr Ft Lauderdale. I hope that the amount of intelligence shall be slightly above this, with little help of AI.”- zlatuska
Submit your opinions in our daily poll for the chance to be featured!
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