由于TPU快速提升和内部重组，谷歌营收将超预期上行，尽管Gemini目前在AI工具使用上落后。
逐段跳播
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接下来是谷歌。本周初股价为 343 美元。股价上下波动，但收于 343 美元，持平。联邦贸易委员会可能正在审查 YouTube 的账户暂停和内容政策。特朗普政府可能认为保守派声音或其他声音会被暂停。
作为在这里创作内容的人，我从未遇到过这个问题。敲敲木头。谢天谢地，但我确实同情那些可能在观点上突破界限的人，或者……
Moving on to Google. Start of the week at $343. Shares were up and down, but finished flat at 343. The FTC is potentially scrutinizing YouTube for account suspension and content policies. It's the Trump administration probably contends that maybe conservative voices or other voices get suspensions. I would as somebody that creates content here. I've never run into this issue. Knock on wood. And thankfully, but I do sympathize with people that maybe push the envelope from an opinion or a
现在，他们正在将 AI 风险团队从 DeepMind 中移出，在谷歌进行更广泛的重组，因为他们继续在 AI 领域面临阻力。
Now they are moving their AI risk team out of deep mind across broader restructuring over at Google as they continue to make headwinds here inside of the AI circles.
Gemini 在人们使用的工具中肯定已经落后了。现在绝对是 OpenAI 和 Anthropic 的双雄争霸。你可能会加入一个开源模型。甚至 Grok 也在一定程度上被使用。Meta 正试图插足这场讨论，但谷歌在 Gemini 方面已经落后，至少在高端领域是这样。
Gemini for sure has fallen back in tools that people use. It's definitely open AI anthropic as a two-horse race. You might mix in an open- source model. Even Grock is getting used to a certain degree. Meta is trying to insert themselves in that discussion but Google has fallen back when it comes to Gemini at least at the top end.
一个原因可能是公司被安全等诸如此类的事情压得喘不过气来。因此，有一种看法认为，拆分团队，让安全团队不再监督正在推进的 AI 团队，也许他们能更好地和谐共处。
One reason is potentially the company is too burdensed by safety and all these types of things. So there is a belief potentially splitting up the teams where you don't have a safety team monitoring kind of the advancing AI team. Maybe they can work in harmony a little better.
现在，最近共同创立的 Thinking Machines 有可能加入 Alphabet，因为 DeepMind 和 Gemini 正在继续领导层重组。
Now, thinking machines, which was co-founded more recently, could potentially go and join Alphabet as Deep Mind and Gemini continues a leadership restructure.
现在，谷歌可能通过 TPU（他们版本的 GPU）产生超过 2000 亿美元的相关收入。这是根据摩根士丹利的说法。这发表于 8 月 25 日，就在三天前。
Now, Google could generate over $200 billion in TPU, which is their version of the GPU in related revenue. This is according to Morgan Stanley. This was published on August 25th, just three days ago.
然而，在 8 月 19 日，也就是将近两周前，我说过同样的话。谷歌 2027 年下半年的收入预期可能太低了，因为他们正在迅速提升 TPU 版本和合作伙伴，以便在生态系统中销售它们。
However, on August 19th, almost two weeks ago, I said the same thing. Revenue estimates are probably too low for Google in the second half of 2027 as they are quickly ramping up TPU versions and partners to sell them in the ecosystems.
既然摩根士丹利已经介入，我猜这将会开始被计入谷歌的股价。但随着你进入明年，如果谷歌的收入大幅超出预期，不要感到惊讶，因为我仍然认为华尔街并没有完全理解公司将用这些 TPU 做什么，以及收入将如何以比人们想象的快得多的速度显现。
Now that Morgan Stanley's on the case, my guess is this will start to get priced into Google shares. But as you move into next year, don't be surprised if Google revenues surprise very much to the upside is I still don't think Wall Street fully understands what the company is going to do with these TPUs and how the revenue is going to show up a lot faster than people think.
现在，摩根大通表示他们对 Grok 越来越乐观。这应该给你带来希望，对于那些落后的 AI 公司，比如谷歌的 Gemini。
Now, JP Morgan says they're increasingly positive on Grock. This should give you hope for AI companies that fall behind, like Google's Gemini.
谷歌只是横盘整理。我们现在在很多图表上都看到了这种情况。这些股票之前涨得很好，现在开始横盘。我们在疫情后也看到了这种情况。疫情后出现了巨大的涨幅，然后有一段时间我们做节目时，我们就像这样，横盘，横盘，横盘。我们现在就处于那个阶段。
Google just going sideways. We're seeing this across a lot of charts now. These stocks that had really nice runs, you're starting to go sideways. We saw this post pandemic as well. You had those monster moves after pandemic and then there was a period where we did the show where we got on here and we were like sideways, sideways, sideways. That's where we're at now.
他说在等什么
他自己说在等的东西，一段话一条记录。同一件事说过几次就出现几次，我们不合并，也不判断它有没有兑现。
这个频道对 $GOOGL 的历次判断
The Investor Channel 在这只股票上共 2 条判断，这里只列相邻的几条。