Why Investors Want Sundar Pichai Fired
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- เผยแพร่เมื่อ 19 พ.ค. 2024
- If you haven’t heard yet, Sundar Pichai is in some very hot water and is receiving quite a bit of pressure from investors to resign. Why you ask? Well, Sundar’s current state can actually be traced back to how he became CEO in the first place. While Sundar obviously worked extremely hard and achieved great things, much of the reason he became CEO was because everyone above him fell out of the race. This includes Eric Schmidt, Larry Page, Sergey Brin, and Andy Rubin. Thus, Google’s founders and board largely just wanted a CEO who could please shareholders and maximize revenue and profits, and Sundar was the perfect choice for that. However, ever since ChatGPT came out, investors suddenly wanted Google to be able to match ChatGPT’s performance which Google has very much struggled to accomplish. This video explains the story of how Sundar Pichai became CEO and why investors want him fired.
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Timestamps:
0:00 - Sundar Pichai
1:34 - Sundar Breaks In
6:40 - Sundar Becomes CEO
9:35 - Sundar Drops The Ball
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If you check Sundar's insider selling history you'll realize he's been selling all his shares as soon as vested, and held no Google shares except unvested ones. He only stopped selling until the latest grant when the board finally put some performance restriction.
Oh really? That's a super important point to note
This is actually wild, I looked it up and his most recent sale was March 6, 2024 for 22,500 shares resulting in about $3 million. In total he’s sold 135,000 worth of alphabet stock 💀
Sundar’s stock package was last valued at over $200 million. Selling $3 million worth is hardly of significance. Could be to reap some of the rewards he has earned to enjoy for personal use.
Wow. I'm surprised he hasn't been fired already. Google has been going down the censorship/woke path for awhile. I hope he's gone soon.
@@PhoChampion88 depends how much of that stock he could sell, and the guy said he sold a total of 135k stock... not just 3mil$ worth of it. You do the math cause I don't feel like it but that is at least ~15mil$
I wonder how much of those 200mil you are mentioning are unvested.
Here's the main reason: Since 2015, when he became CEO, Google hasn't launched a single major new (and successful) product but has closed 183 products, several of which were beloved. The google stuff we all used was all created before August 2015.
Facts. Focusing on revenue and profits only, not innovation.
We all remember Google Plus, I miss those days, I still have the emails from them and kept them archived, mostly my politics and groups involved
google+ was very bad imo
@@KGBSpyGeorgeCostanza Google killed Google Groups just a few days ago, 24 February 2024, after 23 years. It's such a disgrace. A little better than Yahoo Groups dying :(
I would have thought after the train wreck Google+ was he would have been gone then.
Ex Twitter CEO, Parag Agrawal was my school friend that went to Stanford. Also, these ceos are not innovators, they’re politicians. I am ex-Google and hated Sundar as he shut down innovation and just wanted cash.
True maybe. Indian bosses are toxic and difficult to handle.
They are so money focused, they even pay less most of times, are very manipulative. They even try to misuse the authority.
Not to mention that some of these projects are now used by other companies. Had Google kept innovation up, maybe they would have stayed at the top of AI, self driving or something else.
Google had a monopoly in web based office suite. All they needed was a good chat to complete it. They just slept while MS created Teams from scratch
@@doncorleone3901yeah, but teams is buggy mess lol. Discord is literally better
Fellow AECS graduate? 😂
Turns out the guy who was hired for being the ultimate embodiment of a middle manager ends up being a middle manager
Lol I mean hey it’s worked out for Tim Cook and Apple
tbh google is declined fast, not because that their product is bad,
because they add more and more creepy practices to their Great product, turn it into a bad product
i was forced to switch to DuckDuckGo because apparently someone at Google think that
everyone like their IP and Location to be spread around freely on the internet.
and Google really like to change your preference in favor of their own idea of what your preference should look like
TH-cam also like to Shadowban even a non offensive comment,
they hate it when people use a wrong word, and when someone had a certain tone in their comment.
i think Google influences is Declining, because they just spent all of their Goodwill all at once,
without adding more Product or make the product significantly better than the competition,
and they're no longer passionate about innovation & future.
it just they're not just completely stop in place, they moved backward.
they kept adding creepy features that nobody asked for, and won't respect your Preference.
those Managers probably thought that this was a very genius Idea.
tbh google is declined fast, not because that their product is bad,
because they add more and more creepy practices to their Great product, turn it into a bad product
i was forced to switch to DuckDuckGo because apparently someone at Google think that
everyone like their IP and Location to be spread around freely on the internet.
and Google really like to change your preference in favor of their own idea of what your preference should look like
TH-cam also like to Shadowban even a non offensive comment,
this comment which had no offensive word at all was already shadowbanned multiple time,
before i edit it out. which is a giant waste of my time, and just to show you how notorious they really are.
i think Google influences is Declining, because they just spent all of their Goodwill all at once,
without adding more Product or make the product significantly better than the competition,
and they're no longer passionate about innovation & future.
it just they're not just completely stop in place, they moved backward.
they kept adding creepy features that nobody asked for, and won't respect your Preference.
those Managers probably thought that this was a very genius Idea.
tbh google is declined fast, not because that their product is bad,
because they add more and more creepy practices to their Great product, turn it into a bad product
i was forced to switch to DuckDuckGo because apparently someone at Google think that
everyone like their IP and Location to be spread around freely on the internet.
TH-cam also like to Shadowban even a non offensive comment,
this comment which had no offensive word at all was already shadowbanned multiple time,
before i edit it out. which is a giant waste of my time, and just to show you how notorious they really are.
i think Google influences is Declining, because they just spent all of their Goodwill all at once,
without adding more Product or make the product significantly better than the competition,
and they're no longer passionate about innovation & future.
it just they're not just completely stop in place, they moved backward.
No it hasn't. People hate him too.@@bio-hazzard1233
because he took a company who's slogan was 'Don't be evil' to the version it is today - be completely Evil.
they got huge government contracts collecting data and spying on citizens, and censorship people, they don’t care.
absolute evil!
@@Leila-sd1slTheir government contracts are almost exclusively as cloud providers and they are far behind Microsoft and Amazon on that. They don't do any more censorship than other tech. The rest of your claims about spying are just as baseless. People like you love to portray government as big evil, while Google is a living proof that private corporations are far worse. Google will boost search results for paying entities with total disregard of their factuality. So many times google search would return top results with sites making absolutely false claims, selling some product, when searching for anything from health information to exercise to nutrition.
@@Leila-sd1sl Literally every major tech company does that, not defending it, but it's not just google.
@@WinterTheKat - aware of it but it seems like TH-cam is the worse on censorship and shadow banning.
Anytime your boss is an MBA, you automatically know they’re just politicians not innovators
That's so true
He does have a master in Engineering, but at one point, a company CEO only choice is either: appease the stakeholder (make more profit by all means) or get fired
easy and lazy remark: use your brain please
@@ThePeterR66MBA holder spotted!
@@badtoothbeetrootor being roasted like Boeing!
They should bring back Larry, who's literally the opposite of Sundar. He will never run out of ideas, to the point that investors are scared of him. 😂
Another member of the literally brigade. The word exploded in popularity online as influencers thought it made them sound clever and combined with other filler words it increased their word count thereby increasing their "content". Congratulations. Consider yourself influenced.
@@robovac3557 People have been using that word since before the internet was something available in every household. Literally.
Go out and touch some grass, boomer.
@@MyVanir What part of "exploded in popularity" is confusing to you. Could it be, uh..... all of it?
@@robovac3557 If you lived under a rock and didn't get out to talk to people, that's a you problem, it doesn't mean the world didn't exist out there.
@@MyVanir Good grief. Ma warned me against arguing with an idio.....uh, idiosyncratic person such as your fine self. I'll bid you a good day, my good sir.
I love how "disconnected CEO" in this case just means not casting everything else aside to lay all at the altar of shareholder value
google isn't doing anything else though, TH-cam is going to shit, google+ was a joke, and gmail has been the same thing for so long. they haven't released a single game changer
Yeah pretty much haha
For that matter, he wasn't even disconnected in that meaning, he was just so bad at speaking that they didn't even know what went in his head.
Turns out shareholders want the value of their business to increase. Pretty sure innovation is top on the list of ways to do that. If that is the 'altar of shareholder value', I would like to see Pichai doing a lot more praying to that altar.
@@williamquigley852 Pichai has done next to no real innovation, having erratic company strategy that results in massive hiring waves followed by layoffs and then stock buybacks is not innovating.
A lot of Google's engineers have been venting their disgust about how the company has changed after Sundar became CEO.
Going crazy about profit and doing cost-cutting is good for an average company not if you want to be a world leader in technology.
The projects that he killed may or may not have become world-class products but it would have certainly served as an incubator for innovative ideas.
If it wasn't for TH-cam, Google may not have even become this big, TH-cam has been their best acquisition so far.
Yup, I must say I'm addicted.
That’s typical Indian middle class mentality 😂😂😂
his focus was on cloud and android, I think he did really good there but I don't think he was ready for AI
Shareholders expectations just sound like a kid asking for a chocolate and after eating it he realised that he wanted an ice cream.
Hahaha
Short term profit is what they are chasing until they are left with long term consequences.
Completely agreed. Brocade is “the dream” and they’re going to lose customers as quickly as they possibly can. 😊
If fired then new Google of India will rise.😂. Fire him.. India want to start new Google.
1) Investors, by and large, are drooling, short-sighted idiots. Shareholder activism is fine, but people need to remember that most of the shareholders are either institutional or should be institutionalized.
2) MBA CEOs, by and large, are drooling, short-sighted idiots because they only care about investor's opinions. See #1. This results in companies optimizing for short-term gains at the expense of long-term stability.
2) Google needs to put ADHD meds in the water because it feels like the entire company is suffering from it.
True
Based take
Actually ADHD helps innovation unlike ADHD meds. This dude has masters in engineering. He just dont have vision unlike Steve Jobs who was a humanities drop out
@@sorryi6685 Stupidest shit I've ever read
@@sorryi6685 he couldn't put in the work for a PhD, eh?
The main problem with how Google is run is the incentive structure. Google rewards creating a new product, and those programmers get promotions and bonuses... but no rewards for continuation, follow up, and support of existing products.
This is why Google keeps launching new stuff, and cancelling it soon after.
Stadia comes to mind. Everyone who launched it got promoted instead of fired.
This is gold.
You hit it right on the nose. Google software engineers will write code, unit test, and move on to the next project. Amazon engineers write code, unit, and system tests and provide production support. You never sacrifice short-term results for long-term results.
Goes to show you that going to IIT doesn't replace common sense.
Can say that about anything haha :)
Bro nobody has heard of IIT
@@lostandfound2893get out of your tiny bubble and know more about world , you will hear about it. About 20 percent of ceo in Fortune 500 are from IITs
that's not relevant, however if you are going on education it's better to mention stanford or Upenn instead of IIT lol
Lol, if you haven't heard of IIT, you probably don't know very many universities. If the only universities you could name are SOME Ivy's and other mainstream universities such as Stanford and/or MIT, you shouldn't comment on the validity or fame of any university for that matter.
The problem with these big public companies is that after they’ve become successful, which is the reason shareholders bought stock in them, is that they stop focusing on the sort of things that made them successful in the first place in favour of bending to shareholder demands. The focus becomes doing whatever it takes to maximise shareholder value and avoiding things shareholders think are risky. I mean, while shareholders were concerned about Larry and Sergei being out of control, it was ignoring Eric and the demands of shareholders and doing what they wanted anyway that resulted in successful products. Sundar is a super smart guy, but he played it safe to make the shareholders happy and then basically got caught with his pants down when they all decided they wanted Google to spit out kick ass AI to beat OpenAI. Shareholders need to stop thinking they know what’s best for the companies they invest in to do.
I watched a great video from How Money Works talking about exactly this issue and how the push to give shareholders what they want is actually bad for everyone and is the reason companies fail.
Very well articulated.
A great example of shareholder value over product. They grew value and forgot product.
That makes no sense. If the product doesn't generate revenue, or support a suite of products that generate revenue, there will be no shareholder value. You can't 'grow value' without providing products customers want to use. Now on that point, Google or Alphabet or whatever its called has a poor reputation for products. Its illegitimately acquired search engine revenue still drives the majority of its revenue and profits. The employees have not been able to find another business model other than the one they pirated.
@@williamquigley852There are many ways to grow the stock/shareholder value at the expense of product. Google and Boeing are good examples. You harvest value from existing product lines and reduce costs.
I have absolutely ZERO confidence in Sundar to lead Google in the Age of AI. 100% no confidence!
Savage
I'll let the board know at once
he messed up twice, one more time he is gone
@@ahabkapitanySavage ;-)
Myself as a desi SOUTH Indian with darker skin than those Gujarati/Punjabi folk with lighter skin, have noted that most of the dark skinned "brown people" in Gemini are actually based on south Indian Desi fellows. 😂 ESPECIALLY THE DESI LOOKING FEMALE POPE. CRINGEEEEE !!!😅
I can't help think the IIT acceptance rate comparison is skewed by the sheer number of applicants.
exactly. many indians boast on the internet about the superiority of IIT due to low acceptance rate but deep down no indian honestly believes that IIT is superior. I'll demonstrate with an example. let's say an indian got accepted to the best IIT and to a good but not elite public university in USA like Texas A&M, UCF, Virginia Tech, UC Irvine etc. and let's say, he got a scholarship that makes the total cost of attendance (tuition, housing, food, transport, utilities) same between USA and IIT. is there any indian who will choose IIT? impossible. 100% will choose USA. in fact, if they're financially capable, they'll still choose USA even by paying 2-3x or more money.
Exactly and its not meritorious
@@bharath2508how?
It is. The acceptance rates seem super low because of that too. Most of the competition is just super dumb people who don't really intend to study in IIT either. They just give the JEEs since that is where the society leads them. The competition is probably around 10% or so from the total. It is still a great thing to get into IIT though. Even the 10% is a VERY large number still.
That's because IITs are way way overhyped. Look at the research they produce it's nothing compared to global levels. Just look at China and how their unis work and you will see a night and day difference.
The real scandal around Sergey Brin is that a founder of Google didn't adhere to "Bros before hos" 😂. I'm legitimately surprised that his friend gave two shits about his philandering as long as it wasn't Larry's wife he slept with.
😂
Me too. If I had a business partner his personal life would be of no concern to me. I would only care about how well he ran the business. If he wanted to be Casanova more power to him
@@RobertDunn310 I wouldn't even let it affect the friendship, tbh. Not really any of my business.
@@recurseprobably was a pr move, he distanced himself because Sergey was getting a lot of backlash.
@@aghhhog2655Probably but smart people can also be immature. He might just not have been capable of handling the drama.
Shareholders: the number one reason why businesses fall short of their potential.
More accurately, institutional investors. I remember when they tried to ruin Costco. Thankfully, the founder totally ignored their ideas/pressure. It's a reason companies with founders around often do better.
As someone who plans to start his own business, i will be the sole owner of the company and its prolly going to be boring business as it's extremely stable in long term and I will be focusing on it being extremely resiliant to market changes, i don't want billionaire money, i want to just finish my dreams and that's it.
Cuz share holders are only there to care about profit :< this sucks more especially in tech companies when they don't understand tech things in details :(
You can always go private
If fired then new Google of India will rise.😂. Fire him.. India want to start new Google.
Hats off to Google for uniting the woke and anti woke. The woke hate Gemini because it shows POCs as WWII German soldiers. The anti woke hate it because it refuses to generate pictures of white people. This is peak brilliance.
Lol what? Anti-woke are angry bc there’s no white ppl? American huh? Could it be that it’s trying to change history to fit the current narrative?
It doesn’t generate black people either and as a black person im like why can’t I get something that looks like me.
Woke alignment is self sabotage for Google, knocked themselves out of the competition against openai and meta by self inflicted wound.😂
And what's insane is they ought to be in the lead with the work of the Hassabis team.
Yes, but keep in mind the woke are professionally offended no matter what, the anti woke are offended because he went out of his way to offend us.
The normal people hate it because it doesn't show accurate information, not because it won't show white people.
I use Gemini for coding and find that it's better than Chat GPT 3.5. As long as you stray away from politics Gemini is not bad.
Ah, good to know
I tried it for coding too and I was disappointed. Specifically GPT4 and Gemini Advanced/Ultra. Gemini needs more context to create code, at least in my experience.
Good is not enough nowadays, GPT-4 Turbo and Claude 3 Opus are significantly better.
Useful info, will check it out, thx.
I tried to compare its answers to ChatGPT. It’s not that good imo
Wow i never realized google was such a mess
Crazy right?
Have you used it I the last decade?
Google build some amazing products like google workplace and hangouts, infact they contributed more to open source than any other company. AI is only one part of thier product line , i still use google search for most of my soutions, and it helps me more in my programming job than chatgpt
Sundar always looked like a middle manager from Office Space. I guess there's always truth to first impressions. Truly brilliant people are the weird ones.
The man is about as passionate as an unsalted poppadom.
Tbh every Indian looks like that lmao!
Imagine being one of the most beloved companies in the tech space then becoming the most hated in a few short years.
Not necessarily hated, more like a joke
@@stc2828 Weeeell, there's quite a bit of hate too. They've had some scandals. Like being hostile and dismissive to developers. Unexpectedly shutting down services people used as core components of their tech stack. Trying to squeeze more money out of everything at the cost of user experience. When you waste people's time, money, and dignity, it can create some emotion.
i still use goohgle everyday on my phone and pc
"Ive been previously killed at previous jobs"
This was very eye opening for me. If you hire a guy who knows past failures and who uses those as boundaries, you will never shatter boundaries
I did feel bad when he was asked questions by a bunch of dinosaurs in the US government who do not understand technology
😂
If an executive can't explain his business without introducing technical gibberish, he isn't a good communicator. I build software platforms for a living, its not hard to explain to any adult what those systems do.
@@williamquigley852 try talking to them then, see if you don't get frustrated or get some bad questions, I ain't gonna question your simplicity but might aswell give a try to support your claim
@@williamquigley852 Spoiler alert, they'll ask you a question and immediately move on without listening to you.
@williamquigley852 no matter how much you explain those dinosaur politician only accepts yes or no as answer or anything to make technology bad.
Just remembering that Transformers paper came out of Google and they fumbled that team is crazyyy. They should be on the top of the food chain of AI
I was looking for this comment. When the team went to powers that be at google to fund the training, they said “yeah, nah” so the went to Microsoft. Who turned around and built them a supercomputer and said “welcome”.
Sergey should return as the CEO, Larry as the Deputy, and Sundai as the COO.
Google's only working product as of today is "stock go up". Everything else is a bugged, broken, ad-bloated mess, or canceled entirely.
Before I watched this video I was actually thinking for the 100 time how much I despise and avoid buying products that advertise on TH-cam. My theory is that the ad interruption, which usually abruptly cuts the content I was listening to, makes me associate the irritation i feel to the brand.
Google just know one thing put its adware, app trackers everywhere. And wolah thats the business.
Its product are broken and now its broking firefox too
until some college kid want to learn C++ . Gemani refuse to give C ++ code, because it's "Not safe"
Wow. Sundar's circumstance to become CEO was super lucky lol
Good for him haha
Honestly, the more I hear about how rich and successful people got there, Sundar's story sounds pretty typical. Success is probably 50% dedication and hard work, and 50% being in the right place at the right time.
@@matthewmoulton1 guess I gotta start making a side hustle while working as a web developer xd
@@matthewmoulton1the interesting part is maybe exemplified by the following video: th-cam.com/video/3LopI4YeC4I/w-d-xo.html
it basically describes that if success is a measurement of work + some small factor of luck (think 95% work, 5% luck) [note: in reality its not; there are more important factors like heritage] that the successful people in such a model would all work hard (because otherwise you just don't cut the baseline) but all also were very lucky; so hard work was merely a requirement to possibly be successful, but luck will play a dominating role of who is actually at the top.
Now the people at the top will downplay that luck aspect and see themselves as just getting rewarded for working hard, while in reality luck played a major part in the whole concept.
It is obvious that luck is involved in success if not, the son of a billionaire would be poor? If not for inheriting skills?
Forget AI. The google search function has turned to garbage. I now have to resort to Yandex, Chat GPT or... Bing as my second option now. Previously these weren't even an option for me due to how superior the Google search algorithm was.
I miss Netscape.
I just search everything on reddit these days. Google is shit.
These clowns can't even bake their AI app into Assistant. So, after years on Pixel's home screen or voice accessed through "hey, Google", I now need to launch Gemini to do half the things I already had available to be in a more convenient fashion just a month ago.
Dude, their garbage app home,
keeps removing the automation shortcut from the homescreen,
It's random and it annoys me every time.
I'm tired of adding it over and over again,
it's not even a new problem, it's at least a year old or even a few years old, but they don't even think about fixing it.
@@SL4RK Oh, I always just did my automated routines through voice, but now about 2/3 of them are only doable through the Gemini app. That sucks about the shortcuts. I mean, I'm glad they're trying new stuff, but each step forward with a new functionality usually involves two steps back with things you're using and liking.
Google became a horrible place to work under Sundar.
Ofc he's trying to turn Google into a typical Indian business where you are supposed to work 10hrs a day even after being underpaid
When you have an Indian as a CEO and multiple middle managers who are Indian, they’re only going to hire Indians
In what sense?
why? culturally ? or the mass firing?
@@boris4 James Damore expressed it best
10:13 The OG 2016 Pixel while it was NOT CHEAP - was NOT Pichai's idea, was already in the pipeline- remains the only pixel that still has unlimited PHOTOS back up.... AND unlimited 4K VIDEO BACK UP (without compression to 1080p) TO THIS DAY if your 2016 pixel/xl works.
EVERY PIXEL that came after was DOWNGRADED TO BE CHEAPER AND CHEAPER.
That unlimited 4k video backup was the KILLER selling point for me- No matter where you are in the world, your phone was NO LONGER constrained to the memory of your phone, you could back up your videos using wifi / data and free up tremendous amount of space if you were capturing 4k video most of the time.
If they had continued that ONE promise to every future pixel despite the inferior hardware, i think pixels would have changed the marketplace (without need for expensive storage beyond 256/512gb storage)
You like your smartphone camera highly defined and unlimited. But that is a personal requirement and would've aged poorly for today, since customers prefers phone that compromise image quality for filters.
Can't wait for the Mad Scientist island!
Hahaha
To be fair to him he had the foresight to bet on the Chrome browser. He definitely had a major say in doing that since there was a lot of pushback against it and he was the guy who convinced the Board otherwise. Literally staked his career on ut unlike a lot of the other folks who just went back and forth without any concrete analysis and data to back it. Was a great bet and generated massive revenue not to mention consolidated Google as the default of all things internet . And he has done well overall as CEO. Gemini shouldn’t be the reason to write off his legacy.
It's funny the Indians were speaking as if they own US because there are Indian CEOs and now the reality undressed their ego right before their eyes when Sundar's case proved that when they can't deliver to the American needs they don't hold any power at all.
also, the last decade focus was on android and cloud. I think he did good with android, average with cloud.
Amazing content! When you say that the shareholders wanted market share and profits, it makes me think of Boeing. With the difference that you add that they realize that they might not have wanted the right thing... (Edit: typo)
Yeah, same thing happened at Boeing for sure but wayyyyyy worse haha
Very compelling, thank you for this deep dive. I don't know how many tech journalists have actually broken down google's leadership history like this. I appreciate your work, Hari!
Really appreciate the kind words man!
Love your analysis. You do a great job while staying as unbiased as possible, given the topics.
Please keep it up.
Used family man clip for sundar's childhood clip. LOL
He's a CEO so you expect him to spend 5-30 minutes to check out the AI program for any bugs or safeguard issues before releasing it to the public? Joking aside he's the least charismatic tech CEO who just says generic nothingness. Just try listing to any of his speeches. Google has the best info/data out of all companies but is lacking behind in AI? This is unacceptable.
Honestly, it's not directly the fault of the CEO as much as the "supposedly" brilliant minds in AI department. A CEO doesn't do the testing and shipping.
No CEO is going to be this actively involved in the daily operations of a big tech company. They're just way too big. Doesn't make him blameless but he's not doing user testing on anything.
They recently released a beta version of android for pixel which literally resulted in endless loading,
I have a feeling that after compilation they don't even take 5 minutes of their time to test it,
and release it right away.
@@cykablyat1466 That's why I said 5-30 minutes and not suggesting him being actively involved in the development and testing. This was a huge oversight for a major project that's essential for the growth and survival of the company against competition.
@@Sick_Pencil Him and the board are the ones who hire these these big brain loony toon presidents and top level managers. The CEO should have at least some understanding about a major product they are about to release.
He totally destroyed privacy in the products, fucked up YT, and never launch anything cool. Google just continued the steady decline with him. He finished the road form "Don't Be Evil" to the Evil itself. Just another meh CEO that destroyed yet another company that used to great. Glad that he is on the way out.
Grain of salt. JEE wasn’t hard until late 90s. Once the students started moving to US for higher studies where academics from IIT and BITS picked folks from these institutions and thereby they got through the green card process under EB-1A category, word spread quickly about IIT being the golden path to getting into US. Demand rose, the exam became ridiculously competitive for no reason. Coaching industries mushroomed all over India. But after 2008, US govt massively slashed the education budget for colleges, forcing them to lower their entry bar to admit foreign students from India and China to boost revenue. Demand shot up - this time for US colleges regardless of whether a student graduated from the IIT or not, thereby choking the H1-B pipeline and now the EB-1A pipeline. At the same time disposable income and assets of Indians appreciated making it possible to take out insane loans from the Indian banks. The rich and the affluent never had any trouble sending their kids to the elite schools in the US. Pay-to-play is the name of the game. But the middle class had to fight for scholarships thereby pushing every Indian to perform well in colleges. IIT was never a special place. It was a scarce resource to come to America legally. Nowadays any Tom, Dick and Harry who can pay college tuition can get an admit and go on to work in tech. A few lucky ones get to the green card stage after which they get to the executive level (which again makes it easier to get the green card). Effectively Indians lose 10 good years of their career navigating this visa circus that is artificially created by the government to help corporate lower wages and get the most out of Indians. An IIT education is irrelevant unless you want to go back to India and secure VC funding. And that too will get you only that far.
In UK we had many examples of Indians corrupting proctored examination systems, even for state exams, most recently only a few months back. This is one of the reasons why certifications and degrees are now worthless.
My only gripe with this video? It’s too short! Seriously awesome job on this. Isn’t it interesting that in life we are all products of effort AND circumstance? All the effort in the world will be for naught if circumstance doesn’t present itself. The lesson? Work hard and put yourself out there. Put yourself into uncomfortable and challenging situations where CIRCUMSTANCES might be in your favor. Rise to those challenges if / when they appear, and know the difference when they don’t.
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
Hello, I’m 37 and I am not worth much yet , please help me out. Bought my first house last month and I can't seem to make any other smart investment.
wanted to trade, but I got discouraged with the market price fluctuations
Can you recommend a guide for me?
Haven't you heard of Expert Chrissy Barymoer ?He gives excellent guide on the right stock with high dividend
regarding IIT you should point out the difference between Indian Institute of Technology, Indiana Institute of Technology and Illinois Institute of Technology
And Idiots In Technology
Idiots in technology 😂
You forgot about Nikesh Arora, CBO during that time and current CEO of Palo Alto networks. He also was running for ceo role but due to founders favoring sundar, he left for coo role in SoftBank
academic, not an entrepreneur
you mean, oligarch?
Sundar will be fine
Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much
If Sunder does leave his job or fired. I hope he does something big in his own country and revolutionizes Indian tech industry.
"Started from the rock bottom" "Born in a middle-class family"....Two sentences literally contradict each other.
Not trying talk down on India, but middle class in India is nothing to really brag about. In fact, life is often quite difficult.
This is where we realise the relevance of class divide.
@@LogicallyAnswered Life is very easy for new Indian middle class, with 2 bed flat in Hyderabad for $10K and energy bills $8 per month.
Their $8K per annum would be equivalent to $500K in most parts of the USA a.d. 2024.
@@bigbarry8343 makes no sene, iphone costs same everywhere in the world
Stop the bs and accept being corrected, going through these comment section I notice how you don't take kindly to being corrected@@LogicallyAnswered
If his kind wants to run a Fortune 10 company, go build their own. Founders need to stay on in executive positions until they sell. Professional managers are just politicians. Politicians do not innovate.
Sundar isn't a visionary like Larry and Sergey,but he is positive and gets the things done, Google needs a visionary person who also gets things done without fearing what thier competition thinks.
Google still has the rockstars of the AI world - Deepmind. While everyone else is running around generating pretty pictures of neon Tokyo in the rain, optimising their calendars, producing code that is 'nearly there' and pontificating about Skynet (Tesla excepted), Deepmind has been manipulating fusion reactor plasma using magnetic fields in real time, whittling down chemical compounds for new drugs and changing the way people think about AI by profoundly adding knowledge to one of the worlds oldest strategy games - beating the best player in history without 'brute forcing'. Hence OpenAI poaching with 10m pay packages.
As a software engineer, I used to dream about working for Google. Back when I graduated, it was hard to even get an interview. Looking from the outside now, I am not totally sure if I still want to work there compared to more innovative places. It's still a great place I am sure, but it would make me think twice.
I am currently in uni
I wanna know where you are working currently?
Because of Gemini, I dumped my Google stock.
It’s that bad!
I guess that the problem of entering in "squeezing mode" for a company - maximize share, cut costs, fire teams, close all the secondary products, and, above of all, hire a lot of MBA executives and middle-manager with consulting experience but no strong or deep tech background - is that you stop innovating. Then a big revolution comes, like AI, and you discover you are not equipped anymore to deliver stuff like this.
Algorithm recommended me to you, and after quickly looking through your videos and seeing that they're up my alley, I decided to subscribe. 😁
Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson🇺🇸🇺🇸🇺🇸..
Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.
Hallelujah God is still working wonders,I place myself in position for such miracle.The best thing I've seen today on TH-cam thanks a lot..
Same,I met Mrs Chloe Linda Henderson last year for the first time at a conference here in Manchester,after then my family changed for good.God bless Mrs Chloe.
Her good reputation already speaks for her $ 100k last month
If you here reading this,
You probably already smart enough to know this is a scam.
Although it's impressive how these other replies are linked.
SCAM SCAM SCAM
I never thought Google would drop balls on AI. Since 2015 they were doing so well. Im genuinely sad and disappointed by Google
Google from learn from Maldives and Bangladesh. Maldives had an India Out campaign. Now for last two months Bangladesh has been campaigning on Boycott Indian Products.
Nice analysis. Appreciate all the effort put into this. Keep up the good work. 👍 👌
I feel these type of videos are more of a timepass than any real value. The same guy would make a video on how great pichai is if things turn around in a couple of years.
true bro, everyone reacting here is df
Google AI has been disastrous
It’s literally the best. You’re clearly delusional.
Indeed
Think about all the people who were put under immense pressure and extra work in order to play catchup to look good to shareholders. I'm sure that will have a lasting impact on their current staff as well as their ability to hire good people in the future. It's the wrong reason to pressure staff. No one wants to join a futile effort to make executives look good to shareholders. They want to make a difference or make interesting things.
@@swaggitypigfig8413 what ai are we talking about ?
Myself as a desi SOUTH Indian with darker skin than those Gujarati/Punjabi folk with lighter skin, have noted that most of the dark skinned "brown people" in Gemini are actually based on south Indian Desi fellows. Lol😂 ESPECIALLY THE DESI LOOKING FEMALE POPE. CRINGEEEEE !!!😅
Really amazing channel! You did a great job explaining a complicated situation in a clear and interesting manner! Kudos!
00:02 Investors are concerned about Sundar Pichai's future at Google.
01:32 Sundar Pichai's journey to becoming CEO of Google
03:07 Sundar Pichai's rise as Google's CEO was influenced by external factors.
04:36 Sundar Pichai's pivotal role in the development of Google Chrome
07:04 Investors concerned about disconnected leadership
08:48 Sundar Pichai became CEO due to circumstances.
10:21 Pixel sales were not great and investors wanted Google to out innovate OpenAI
11:58 Google Gemini's AI blunder undermines confidence in Sundar Pichai's leadership
The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
My CFA ’AILEEN GERTRUDE TIPPY’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Everything cool about Google has dissolved away, they've just turned into a typical shitty corporation. Also, Google haven't released any interesting products in years
Tech companies that fail to prioritize innovation risk becoming obsolete. Remember, the fundamental principle of tech companies is to develop technologies that evolve with time, especially when their products are connected with the wider public. Anyway it’s not easy to lead giant company like google so hats off to Sunder for taking the challenge and leading it through this whole years. Good luck to him!
Google hasn't done shit. They just did a "major update" to their UI and it literally just made it landscape
Sundar should continue to manage Google and someone else (Sergei?) should be appointed the CEO of Alphabet.
So he is educated, stable which is the problem, Fascinating! And the shareholders who want him replaced are neither stable or equally qualified. And we are supporting this. What kind of loopy world have I entered.
Its the problem of market it maybe irrational in short term, but the value will be reflected in long term when market becomes rational
Anyone with a seat to tell him to stand down and resign is educated. It isn't so hard to read a financial statement and annual reports now, sonny.
capitalism doesn't reward the smart
It's amazing. How obvious it looks time after time, only after the event!
Sundar should come to India and invest his efforts in India, it is high time
Pichai may have invented Chrome (not the best browser), but as a Google customer I can testify that my experience as a customer has steadily been going downhill. It all started when Pichai took office.
Great video as always
Thank you as always Balpreet!
What about the Google brain team and integration of ML into their products long before the release of ChatGPT?
The launch of bard sucked but the Google brain team quite literally made the most influential hardware and software libraries for developers working on deep learning workflows.
Nah … i think the best thing is Sundar stays and Brin joins to lead the AI effort.
I think there’s some good synergies there. Sundar can please shareholders and Brin can focus on innovation.
Gemini's overall chat layout is also shit, unnecessary large and bulky input boxes and icons.
Your conclusion about the pixel phones are kinda outdated. They are actually shaping up to be a very reliable and competitive option. I love them. Very good year for them too. Despite the company having some issues with bleeding edge technology at the moment, I think they have done okay with what they got. If I had to pick a different person, the one behind android maybe if they don't give apple vibes (hate that).. Or another visionary like the others even with the baggage as long as they can "get better" like we would expect addicts to. I also think making it sounds like AI has failed already is too soon to determine. This is all new stuff and everyone is trying to figure it out. Anybody can mess up and I partly blame being part of the TH-cam ecosystem to have had the results they did with the AI and the bad press reporting it I would wager has been influenced heavily by the other competitors but that's just my assumption.
Reliable? The pixel phones had some weird issues like being unable to maintain calls or internet connection. And lately, there was the storage issue that essentially brick the Pixel 8. I know it's normal for phones to probably get a bug or two, and the issues don't happen to every pixel phone, but damn. I never heard of such problematic bugs happening on other companies' phone like Samsung, Oneplus, Apple, etc. in recent history.
@@salkryeful Their sh*tty Tensor chips is what holding pixel phones back.
We could have had an amazing Ai assistant but they went about it in every wrong way possible. It’s a shame that we’re almost in the era of a dead internet.
Talk about storytelling. damn, Hari, you really killed it with this one.
I am Sundar Pichai and I disapprove this message 🥺
Dang! Really appreciate you watching the video Sundar :)
😂😂😂@@LogicallyAnswered
Tim Cook is from the same piece of cloth.
Will there be chance of co founder coming back. Because recently Sergey Brin has came back to google and is involved in many core AI projects of Google. Also they are also not too old infact they are younger than sundar😅
very informative and well done. thanks Hari.
I own one share of google and I don’t want him fired
So true
😂
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Find her online with her name.
Okay I will google her, thank you
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I just love when google really inovated. TImes when they killed their AR glasses. Like that was massive fr.
thanks this was great.
its always the leaders that change the course of a company. great ones bring it up and the incompetent one bring 8t down.
The irony is that many of Google's issues were made visible when they fired James Damore for daring to be sane.
The memo on "Google's Ideological Echo-Chamber" was the early warning of the problems:
- diluted talent
- bloated staffing
- from the two above, they crafted a lethargic organization stricken by inertia, full of members busy respecting PC culture, rather than innovation and momentum.
- culminating with the ultra-woke Gemini that is the mere reflection of the same team that fired James Damore 6 years earlier.
Just look at META. Zuck fired that Indian women who was good at giving public speeches but not much actual "work" and took back the company. META share prices more than double since that firing.
meta is a ticking bomb just like google, havent inovated or launched anything meaningful for years on top of growing dissatisfaction with their flagship products/services
META was doomed irrespective who ran it.
Sandra Sandberg is Jewish American
Man I love your videos and a long time subscriber but what's up with all your over the top facial expressions lmao
I think the cracks are finally starting to show. Maybe it's just me, but it seems like their search function is worse than it was years ago, combined with Microsoft's AI assisted search tools, they've really left the door open for competition to start eating away at their market share.
Moustache looking cool
It looks bad. He should stop showing himself in his vids.
@@TheBooban you should be ashamed for saying something like this
@@ridass.7137 someone has to tell him.
Bard and Gemini are such horrible names, it’s like high school kids branded them. They should actually fire their entire marketing team responsible for their launches as well.
On the contrary, they are pretty good names. You prefer GPT-4? Never go into advertising. 😢
@@klx6265 a brand name should have retention value and they should be anything but confusing. GPT-4 is easy to remember and instantly reminds one of AI. Gemini… really? Is this some horoscope website? Bard? Are we supposed to read poetry here?
GPT-4 is a technical term . Go back to school@@klx6265
So Larry and Sergey were like Vegapunk who just wanted to make new things and the investors wanted someone like Akainu who will just follow up on the main goal of earning more and more money
Bro i love ur videos and subs for at least a year or two, and didnt quite fond of frequent shot of your “zoom in” face, i guess i cant watch ur mustache going up and down, maybe change the angle would be good and no zoom in effect
Tl;Dr Investors ruin everything.
Boeing certainly yes...