Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

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<ul><li>An executive at Kuaishou Technology has identified Google as the No. 1 rival to its artificial intelligence (AI) video generator Kling AI, as the short-video specialist tries to capitalize on growing public interest in the tools.</li><li>“Google is a very strong competitor to Kling AI in areas ranging from technology to AI infrastructure and talent, with co-founder Sergey Brin personally overseeing the research and development of its video generation models,” Wan Pengfei, head of Kuaishou’s visual generation and interaction center, said in an interview with Caixin on the sidelines of the World Artificial Intelligence Conference held in Shanghai from Saturday to Monday.</li><li>Riding the AI video wave sparked by OpenAI’s text-to-video model Sora in early 2024, Kuaishou in June that year <a href="https://www.caixinglobal.com/2024-06-07/kuaishou-unveils-a-rival-to-sora-that-produces-video-from-text-102204052.html" target="_blank" rel="noopener">launched Kling AI</a>, which can create short videos from written prompts and images.</li></ul>

An executive at Kuaishou Technology has identified Google as the No. 1 rival to its artificial intelligence (AI) video generator Kling AI, as the short-video specialist tries to capitalize on growing public interest in the tools.“Google is a very strong competitor to Kling AI in areas ranging from technology to AI infrastructure and talent, with co-founder Sergey Brin personally overseeing the research and development of its video generation models,” Wan Pengfei, head of Kuaishou’s visual generation and interaction center, said in an interview with Caixin on the sidelines of the World Artificial Intelligence Conference held in Shanghai from Saturday to Monday.Riding the AI video wave sparked by OpenAI’s text-to-video model Sora in early 2024, Kuaishou in June that year launched Kling AI, which can create short videos from written prompts and images.

Google Is Our Biggest Rival, Kuaishou’s AI Video Chief Says 

Mostly Borrowed Ideas Deep Dives, MBI Deep Dives

MBI Deep Dives

Mostly Borrowed Ideas Deep Dives

MBI is the abbreviation for “Mostly Borrowed Ideas”. Why “Mostly Borrowed Ideas?” As a generalist, I do not have a background in any particular sector. I enjoy navigating across industries, businesses, and countries to learn, understand, and connect the dots. In any case, most ideas and innovations are incremental in nature. Very few of us are smart enough to come up with truly original or groundbreaking ideas. I am Abdullah Al-Rezwan. I was born and brought up in Bangladesh. I went to University of Dhaka for my undergrad and majored in Finance. After working three and half years in Equity Research (Sell-side) covering Financial Sector in Bangladesh, I left Bangladesh to pursue my MBA in the US. I graduated within top 10% of the class from Cornell University's two-year MBA program and worked on the buy-side following my graduation. During my time at Cornell, I won two stock pitch competitions and also became finalists in four other competitions. I thoroughly enjoyed my stint as a generalist in the US large cap team at Madison Investments and covered a wide range of companies from UnitedHealth to Amazon and Boeing before US immigration reality paused my career in investment management. As my work authorization expired, I moved to Canada in January, 2021. Then in early 2022, I was able to return to the US.

<ul><li>While Amazon’s 3P business usually grows faster than 1P, both 1P and 3P retail business grew at similar rate in 1Q’25.</li><li>Ads revenue continued its momentum at 19% growth YoY which was higher than both Google and Meta.</li><li>After growing at ~19% YoY for the last three consecutive quarters, AWS growth decelerated this quarter to 17%.</li></ul>

While Amazon’s 3P business usually grows faster than 1P, both 1P and 3P retail business grew at similar rate in 1Q’25.Ads revenue continued its momentum at 19% growth YoY which was higher than both Google and Meta.After growing at ~19% YoY for the last three consecutive quarters, AWS growth decelerated this quarter to 17%.

<ul><li>On an FX adjusted basis, Alphabet increased its revenue by 14% in 1Q’25 (~200 bps headwind from FX).</li><li>For the 11th consecutive quarters, Google network’s revenue went down.</li><li>Just when regulators are lambasting Google for their network business in court, it keeps dwindling to oblivion. </li></ul>

On an FX adjusted basis, Alphabet increased its revenue by 14% in 1Q’25 (~200 bps headwind from FX).For the 11th consecutive quarters, Google network’s revenue went down.Just when regulators are lambasting Google for their network business in court, it keeps dwindling to oblivion. 

<ul><li>Alphabet maintained their low double digit revenue growth. For the 10th consecutive quarters, Google network’s revenue went down.</li><li>Cloud revenue growth decelerated from 35.0% YoY in 3Q’24 to 30.1% in 4Q’24.</li><li>I will note, however, that Google usually discloses every quarter that GCP grew at higher rate than overall Cloud, but in this call, they mentioned “GCP grew at a rate that was much higher than cloud overall”. </li></ul>

Alphabet maintained their low double digit revenue growth. For the 10th consecutive quarters, Google network’s revenue went down.Cloud revenue growth decelerated from 35.0% YoY in 3Q’24 to 30.1% in 4Q’24.I will note, however, that Google usually discloses every quarter that GCP grew at higher rate than overall Cloud, but in this call, they mentioned “GCP grew at a rate that was much higher than cloud overall”. 

<ul><li>Let’s start with not-so-good news. For the 9th consecutive quarters, Google Network revenue kept declining. Everything else is good news.</li><li>Despite all the disruption narrative, Search keeps humming along.</li><li>YouTube is doing okay. But the highlight from last quarter was Google Cloud.</li></ul>

Let’s start with not-so-good news. For the 9th consecutive quarters, Google Network revenue kept declining. Everything else is good news.Despite all the disruption narrative, Search keeps humming along.YouTube is doing okay. But the highlight from last quarter was Google Cloud.

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Google Is Our Biggest Rival, Kuaishou’s AI Video Chief Says

An executive at Kuaishou Technology has identified Google as the No. 1 rival to its artificial intelligence (AI) video generator Kling AI, as the...

Caixin Global

Amazon 1Q'25 Update

While Amazon’s 3P business usually grows faster than 1P, both 1P and 3P retail business grew at similar rate in 1Q’25. Ads revenue continued its...

MBI Deep Dives

Alphabet 1Q'25 Update

On an FX adjusted basis, Alphabet increased its revenue by 14% in 1Q’25 (~200 bps headwind from FX).For the 11th consecutive quarters, Google...

MBI Deep Dives

Alphabet 4Q'24 Update

Alphabet maintained their low double digit revenue growth. For the 10th consecutive quarters, Google network’s revenue went down.

MBI Deep Dives

Alphabet 3Q'24 Update

Let’s start with not-so-good news. For the 9th consecutive quarters, Google Network revenue kept declining. Everything else is good news.

MBI Deep Dives

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