TECHNOLOGY
Pichai maintained his optimism on Google's position while acknowledging that the company needed to catch up in certain areas.
The CEO of Google, Sundar Pichai, stressed the significance of 2025 for the business and urged staff to pick up the pace in the face of escalating artificial intelligence competition and expanding regulatory obstacles.
According to audio obtained by CNBC, Pichai emphasized the seriousness of the situation while wearing a festive sweater during a recent strategy meeting last week. "I think 2025 will be critical," he stated. "These are times of disruption. We must remain steadfastly committed to maximizing the advantages of this technology and resolving actual user issues by 2025. The business is placing a large wager on the execution of its Gemini AI model and app.”
With the aim that it would become Google's next product to surpass 500 million users, the corporation is placing a large bet on its Gemini AI model and app. During the discussion, Pichai informed the staff that "our biggest focus next year will be scaling Gemini on the consumer side."
The push comes as Google faces growing competition from AI-powered rivals in its main search business. Google is under pressure to innovate swiftly due to OpenAI's planned search engine and Perplexity's recent $500 million fundraising round at a $9 billion valuation.
Pichai maintained his optimism on Google's position while acknowledging that the company needed to catch up in certain areas. He told staff members, "In history, you don't always need to be first but you have to execute well and really be the best in class as a product," according to CNBC.
Significant regulatory obstacles also confront the business, like as a court verdict about its monopoly in the search industry and examination of its ad tech and Chrome browser practices. "It's not lost on me that we are facing scrutiny across the world," said Pichai. "It comes with our size and success."
Pichai made several references to the necessity of efficiency and remaining "scrappy," citing Google's early years under founders Larry Page and Sergey Brin, throughout the discussion. "Often, constraints lead to creativity. Not all problems are always solved by headcount," he said, following the company's recent focus on cost-cutting and workforce reduction.
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