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Google

2025/6/30
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Acquired
AI Deep Dive AI Chapters Transcript
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B
Ben Gilbert
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David Rosenthal
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Ben Gilbert: Google 的成功并非偶然，它通过技术创新和商业模式的巧妙结合，最终成为了互联网的入口。Google 在搜索技术上的突破，加上其高效的基础设施和独特的商业模式，使其在竞争激烈的市场中脱颖而出。Google 的成功不仅仅在于其技术，更在于其对用户体验的关注，以及对商业机会的敏锐把握。我强调 Google 的崛起并非偶然，而是技术创新、商业模式和用户体验共同作用的结果。 David Rosenthal: Google 的崛起是必然的，它不仅在技术上领先，更在商业模式上创新。Google 通过搜索引擎优化和广告投放，实现了盈利，并不断扩大其市场份额。Google 的成功在于其对技术的不断追求，以及对商业机会的敏锐把握。Google 的崛起是必然的，它不仅在技术上领先，更在商业模式上创新，通过搜索引擎优化和广告投放，实现了盈利，并不断扩大其市场份额。我强调 Google 的成功并非偶然，而是技术创新、商业模式和用户体验共同作用的结果。

Deep Dive

Chapters
This episode explores the reasons behind Google's extraordinary success in the search engine market. Despite not being the first search engine, Google's innovative algorithms, robust infrastructure, and unique business model led to its dominance. The episode will also examine the current concerns that AI may render Google obsolete.
  • In 1998, Google was one of many search engines.
  • Google's success is attributed to algorithms, infrastructure, and business model innovations.
  • Google now generates more profit than any other US company.
  • Investors are concerned about AI's potential to disrupt Google's business model.

Shownotes Transcript

We tell the story of the single greatest business ever created: Google search. From its origins as a Stanford research project called BackRub, Google became the front door to the internet. Today it’s an essential service for over half the world, and one that generates more profit than ANY other US company — more than Apple, Microsoft, or Berkshire Hathaway.

But it wasn’t always so obvious. When Larry and Sergey began working on BackRub in 1996, search was a backwater industry in silicon valley. Existing search companies were eking out a living as vendors to the then-dominant “portals” like AOL and Yahoo. Google’s come-from-behind success was the result of three massive step-function leaps forward in algorithms, infrastructure and business model… some invented by Google and some borrowed (and perfected!) by them.

Today, things are not so obvious once again for Google. Despite earning more profits than all of its big tech peers, its stock trades at significantly lower multiples — a $1 trillion or more discount to Apple, Microsoft and Nvidia. Investors are concerned that AI will render Google’s beautiful business model obsolete, even though Google also basically invented modern AI and continues to lead on many dimensions. This episode begins a multi-part series where we dive into the full history that led us to this point. Tune in and enjoy!

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