The Next StepThen, Google started working on a tv offering, which will eventually compete for living rooms with Apple’s AppleTV and Microsoft’s Xbox franchise. Facebook has not been looking into this phase up to now from what we know. Google has also been putting a lof of focus into int cloud products
Going Further Than Anyone ElseWhat stands between users and their actual web content into their hardware no matter if it’s a computer, tablet, phone, etc? I’d argue that there are 2 things. We need power (or something to charge mobile devices) as well as a network to connect to. Turns out that Google has been making significant investments into wind power and its most recent entry into providing a network connection in Kansas City could be just the beginning.
Could This be Just The Start?I think it’s fair to say that while I’m not convinced that Google could pull this off, I am certain that its competitors could not. I mean, just think about it.. What if a few years from now, you paid one monthly bill to Google which would provide you with:
-cloud storage and access to its cloud applications
-the actual hardware for all of these products
-clean/green energy for your house
Wouldn’t it be simply amazing?
And That’s Not ItGoogle continues to make progress in its self driving cars, which have now driven 300K miles without an accident. They are now ready to have certain employees start to use those cars to commute to work. How? They have started getting licences to drive those cars in some areas outside of their private racecourses.
Google has also been working on projects such as new types of glasses that are much more technically advanced than what currently exists
What Does All Of This Mean?I personally draw 3 main conclusions from all of this.
-The New Google Is A Force To Be Reckoned With: When Larry Page came back at the top, he promised to make Google nimble and quick again and that is exactly what seems to be going on. Google is making very aggressive moves and competing in ways that its competitors might be unable to do. I would also imagine that because Google hires so many smart people, having huge, ambitious, long term projects helps the overall feeling of employees, something that Larry Page would be well positioned to understand.
-There Is Significant Upside To These Initiatives In The Medium Term: For years, almost everyone has been valuing Google exclusively as a search company. There seems to be a decent chance that some of its other projects will end up having a signifciant impact on its bottom line. These are bold and risky moves that seemed like spontaneous, perhaps even illogical moves. As times goes by though, it seems more and more logical.
-Long Term, Google Is Incredibly Well Positioned: Auto companies like GM and Ford are not doing very well financially. Energy companies invest very few resources into R&D. Because Google has huge cash reserves and an extremely bright, talented and motivated workforce, it is able to allocate resources to projects that are very long term with unclear benefits. That can end up being a gamble that few others can take and thus a very lucrative one. Who else is working on this stuff?