Over the last few days, I’ve shared some deep insider insights on the technology space (see here, here, and here). They come from 25-year technology executive (and active tech angel investor) Jeff Brown.
But I couldn’t let him return to his home in Japan before sharing his take on the mother of all blockbuster tech companies: Google. Read on, below…
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From Jeff Brown, editor, Exponential Tech Investor: Google (GOOG) is an absolute buy. It belongs in any long-term tech portfolio. But what makes Google an amazing company might surprise you…
People think of Google as just a search company. What many don’t know is it’s really an advertising business. Google sells ad space then generates advertising revenue when consumers click through the links.
Even less known is Google’s core business model as an artificial intelligence (AI) company. Here’s how it works:
Google collects the data of every online search. It then uses that data to improve its search algorithms… which in turn improves its revenue-generating algorithms. (Effectively, the world is teaching Google’s artificial intelligence to become better on a daily basis.)
Several acquisitions a few years ago have resulted in very advanced AI technology. It’s one of the most interesting areas Google’s working in. Expect to see AI impact not only Google’s advertising and search technology, but also its robotics products… speech and language translation… and other areas it hasn’t publicly announced.
Google is still a high-growth company. Revenues were around $70 billion in 2015… and they’re forecast to jump to about $80 billion in 2017. That’s incredible growth for a company this size.
The bottom line is Google is an absolute buy for me today.
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Shh! Here’s a little extra “inside baseball” on Jeff’s publisher…Reeves’ Note: Jeff is an expert in all things tech, but he specializes in investing in small private tech firms. He’s racked up an astonishing 44-for-44 win rate in his own startup investments… in a space where 9 out of 10 startups fail.
That’s why I find his new advisory so exciting…
It’s called the Venture Elite—a short list of the 20 hottest private tech companies Jeff likes.
The second he learns one is about to IPO on the public markets, he alerts his subscribers. They’re able to get in at “day-one” prices. (Someone who bought Google the day of its IPO would have enjoyed a 1,262% gain.)
Click here to learn more.
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