Amazon Q, Meta Gaining Share, Inflation Downnnnn, New Pod....
Here's the data...
Today's Data
Meta taking ad budget market share.
Inflation continues to push lower. Great News
Amazon announces "Q" their Chat GPT competitor.
New Podcast with CrossHatch: From Harvard to Fighting Russian Bots to Personalized AI: A Journey with Soren Larson
Survey Shows Meta Taking Ad Budget Share: Survey of Ad Agencies Spending $6B...
A recent survey targeting ad agencies with an annual ad spend exceeding $6 billion showed that Meta is taking market share. This shows Meta's growing dominance in the advertising space, signaling its sustained strength. Companies are becoming more strategic in allocating their marketing dollars, with Meta emerging as a pivotal choice in their investment decisions. This is a big change from what the narrative was in 2022.
More Dis-Inflation From FEDs Preferred Inflation Gauge. 2.37% Annualized Inflation.
We sound like a broken record but inflation continues to move lower and is getting to the point where the FED needs to begin talking about cuts. We have not released our 2024 thoughts just yet, however, we believe rates move lower by over 1% or more. This is good news!
Amazon Enters Its Name Into the Chat GPT Ring with "Amazon Q"
Here comes Q. the ChatGPT competitor from Amazon. Amazon had its developer event recently and hyped the idea of its infrastructure capabilities. We continue to believe that these language models will be commoditized especially as costs come down. The infrastructure players such as Amazon, Meta, Microsoft, and Google have the upper hand given they own their data centers.
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