Google’s Problems Explained: It’s a Kodak Moment

History is repeating itself. In 1975, Kodak invented the digital camera. Kodak was scared that the digital camera would kill its business and so management shelved it hoping it would be a passing fad. Here comes Google's cannibalization problem. If Google releases Bard, what happens to its search engine business (cash cow)? These challenges give rise to the innovator's dilemma. OpenAI has nothing to lose (at first it was a non-profit) but has a lot to gain. Hence its massive sprint. What next for Alphabet's stock? AI (and ChatGPT) have taken the world by storm.