Blue Whale’s Yiu: ChatGPT has made Alphabet ‘uninvestable’ – FE Trustnet
The manager said that a few days of experimenting with the artificial intelligence tool made him realise Google’s economic moat is now vulnerable.
Advances in artificial intelligence as showcased by ChatGPT could end Google’s near monopoly of the search engine market, making parent company Alphabet “uninvestable”, according to Stephen Yiu, manager of the LF Blue Whale Growth fund.
Alphabet was formerly a top-10 holding in LF Blue Whale Growth, but Yiu sold out of it last year on fears that the slowing economy would lead to a fall in digital advertising spend.
The manager said he had planned to buy back in when some of the economic headwinds began to dissipate. However, he said it is lucky he didn’t as he has realised Google’s previously insurmountable economic moat is now vulnerable.
“Google accounts for more than 90% of the search engine market and the reason that its competitors haven’t been able to gain traction is because of the way its algorithm works,” Yiu explained.
“If 1,000…
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source: https://news.oneseocompany.com/2023/05/02/blue-whales-yiu-chatgpt-has-made-alphabet-uninvestable-fe-trustnet_2023050244320.html
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