Google’s CEO Sundar Pichai has emphasized the importance of meeting high stakes in 2025, highlighting the company’s need to focus on unlocking technology benefits and solving real user problems. As the tech giant navigates increased competition and regulatory pressures, including a federal judge’s ruling on its search monopoly and an antitrust watchdog’s objections to its ad technology practices.
The company is prioritizing “building big, new business” such as its artificial intelligence app Gemini, which aims to reach 500 million users. However, progress in AI development may face increased challenges next year as the industry shifts beyond low-hanging fruit. The Justice Department has also made significant progress in recovering assets and compensating victims of the Madoff Ponzi scheme, with nearly 94% of losses recovered.
As Google faces scrutiny worldwide due to its size and success, Pichai stressed the need for focus amidst the challenges. The company is working to “internalize the urgency” of these moments and move faster as a company. With Gemini’s strong momentum and AI industry shifts on the horizon, Google must remain adaptable and focused to stay competitive in 2025.
Source: https://www.pymnts.com/google/2024/google-ceo-tells-staff-company-needs-to-move-faster