Ray Wang
@rwang07
Research Director, Semiconductors, Supply Chain, and Emerging Tech @TheFuturumGroup Focus on Semiconductors and AI, sometime macro. *DM open.
🧵 @MooreMorrisSemi and I just published a 4,000‑word technical deep dive on HBM. A MUST READ—I can confidently say. We break down: 1) Bonding technologies behind HBM 2) Why and how SK Hynix has taken the lead. 3) China’s evolved HBM capabilities. /1 Link:…
"Search delivered double-digit revenue growth, and our new features, like AI Overviews and AI Mode, are performing well. We continue to see strong performance in YouTube as well as subscriptions offering"
1) $GOOGL down but AI is pretty good. GCP $13.6B vs $13.1B cons and up +32 Y/Y vs +27% cons. OP $2.8B vs $2.25B cons. OM rose to 20.7% from 17.1% last Q. Capex $22.4B vs $18.2B cons. Raised '25 capex to $85B from $75B. We are "shipping at an incredible pace. AI is positively…
4:30. We are "shipping at an incredible pace. AI is positively impacting every part of the business." Huge M/M growths of apps, users and inference in all Google AI domains is making a real impact to its AI-related number
1) $GOOGL down but AI is pretty good. GCP $13.6B vs $13.1B cons and up +32 Y/Y vs +27% cons. OP $2.8B vs $2.25B cons. OM rose to 20.7% from 17.1% last Q. Capex $22.4B vs $18.2B cons. Raised '25 capex to $85B from $75B. We are "shipping at an incredible pace. AI is positively…
Discussion on that thread was deviated. The article was about cost, not pricing....
Cost vs pricing are very different. Margin matters
$GOOGL CEO Sundar Pichai on Compute, TPU, and Cloud: "On CapEx stuff, we are you know, seeing strong momentum across across our portfolio and especially in cloud. You are right. It's a tight supply environment, and you know, we are investing more to expand. But there is obviously…
Imagine how many monthly trillion of tokens $GOOGL will process by the end of 2025.
2/ Strong growth in AI usage across our products and platforms: We’re processing 980 trillion+ monthly tokens across our products and APIs (up from 480T at I/O in May) AI Overviews in Search now has 2B+ monthly users across 200 countries/territories and 40 languages 450M…
"INCREASING OUR INVESTMENT IN 25' CAPEX TO $85 BILLION"
"Search delivered double-digit revenue growth, and our new features, like AI Overviews and AI Mode, are performing well. We continue to see strong performance in YouTube as well as subscriptions offering"
Pay youtube premium and listen earnings call on my youtube. Make sense :)
You clearly don't want to see a world that tons of young researchers, app developers, scientist "do their things" with Chinese open-sourced models given budget constraints (the pain many have). DeepSeek, Alibaba, Baidu, Moonshot, MiniMax...
A few thoughts on the new AI Action Plan: 1) Interesting pivot from Biden to strong support for open weight/source AI models aims at where Chinese firms are strongest against US (our best models are closed, their bench is strong w/DeepSeek, Qwen, Kimi, etc).
The 🇺🇸 US position in the AI race in 3 charts: The US leads in frontier intelligence, China leads in open weights intelligence Frontier models: 8 of the top 10 LLMs are from US AI Labs. The US has a clear leadership position in frontier AI intelligence. However, other companies…
Two notable policy recommendation in U.S. AI Action Plan announced today. 1) “Led by DOC, develop new export controls on semiconductor manufacturing sub- systems. Currently, the United States and its allies impose export controls on major systems necessary for semiconductor…
I can relate this study, and honestly a less surprising study result I would say?
🏭 An #AIfactory is designed to manufacture intelligence at scale and support the intensive computational needs of AI workloads. With specialized AI infrastructure, these factories excel at AI reasoning, enabling faster and more accurate decision-making across industries.…