March 2, 2024 18:56 | 2 minute read
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Alphabet Inc. Google (NASDAQ:GOOG) is at a crossroads, with increased scrutiny of its ability to keep pace with its competitors.
This has led to increasing calls within the tech community for a change in leadership at the helm of tech giants, particularly CEOs. Sundar Pichai.
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ben thompsonThe Stratechery analyst and author recently suggested that Google is in need of significant change, which may require a change in leadership, including the possibility of replacing Mr. Pichai.
His sentiments were echoed by Bernstein’s Internet analysts. mark schmulikquestioned whether the current management team is fit to steer Google as it enters the age of AI.
Google’s recent failures, including notable errors with AI chatbots, Business Insider reports bard During a public demonstration, it highlighted the company’s struggle to innovate rapidly amid bureaucratic hurdles.
Also Read: Google Salary Leak Reveals Shocking Earnings of Top Engineers
Thompson wrote in his newsletter that Google needs change, which means “getting rid of those who allowed the former to run amok, from CEO Sundar Pichai on down.”
“The recent turmoil only adds to the question of whether this is the right management team to lead Google into its next era,” Shmulik said in a statement.
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Pichai, who took over the reins of Google in 2015 and Alphabet in 2019, has been praised for his steady leadership and diplomatic handling of regulatory challenges. Under his leadership, Google’s market capitalization rose from more than $400 billion to about $1.7 trillion. However, the current state of AI innovation and competition has sparked debate about the company’s direction and leadership effectiveness.
Also read: Google executive threatens employees with firing, says there will be ‘blood on the streets’: Report
Business Insider has reported concerns that Google is starting to “stagnate,” noting that current and former employees feel the company’s innovation engine is slowing down.
This sentiment is further exacerbated by the technology industry’s rapid shift toward AI-driven solutions, with competitors quickly bringing new products to market.
Meanwhile, Gartner’s predictions suggest that AI alternatives will reduce traditional search volume by 25% by 2026, highlighting the urgent need for Google to adapt.
As the tech world watches, the question remains whether Sundar Pichai will continue to lead Google and Alphabet into this new era.
Read now: Employees criticize Google management’s vision in the wake of layoffs: ‘They’re all terribly boring and misty-eyed’
This content is created in part using AI tools, and reviewed and published by Benzinga editors.
Photo: Shutterstock
Become an options master in today’s market!
oh! The S&P 500 hit an all-time high. The technology and medical sectors are very hot. It’s time to learn the secret to Nic Chahine’s 411% return with options. Get his free report now.
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