Dan Gallagher

I don't know if it's super clear yet what the ultimate future is going to be.

The cars are really expensive.

They need to get a return on investment.

So there's a good case to be made that Uber can boost that utilization because there's just more people using that platform to get rides.

They're making a lot of investments.

They're trying a lot of things.

It's hard to dismiss a company that has such a massive platform of people already using it for rides because the new players have to build a similar platform, and that takes a long time.

Well, most of it is, yes.

Especially with Google and what they said on their earnings call is like, yeah, the bulk of it goes to essentially the AI infrastructure.

And a lot of it goes to specifically the chips and the servers to power that.

They're in a race to build up AI services, get as much market share, getting users really accustomed to their AI platforms.

So for Google, you know, they have Gemini.

Gemini competes with ChatGPT and Cloud and these other kind of AI models.

Google wants as many users as it can using Gemini.

So they're going to build and invest in that because you need the AI infrastructure to power that and to grow the services.

Honestly, it's mixed because it depends on the day you ask that question.

We saw last week when Meta announced, they put out this really big CapEx number, this projection, but they also had really strong results.

And it was pretty clear AI was helping that business go up.

And so you saw the stock go up.

with Google, with Alphabet, you're seeing kind of the opposite.