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In Good Company with Nicolai Tangen

Alphabet President and CIO: Advancing AI, Quantum Computing, and Self-Driving Cars

In Good Company with Nicolai Tangen

Norges Bank Investment Management

In Good Company, Business, Norges Bank, Nicolai Tangen

4.8 • 186 Ratings

🗓️ 12 March 2025

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

How is Google shaping our technological future? Join Nicolai Tangen in conversation with Ruth Porat, President and CIO of Alphabet and Google, as they explore AI, innovation, and the future of technology. They discuss Google's position in the AI race, breakthroughs in quantum computing with the Willow chip, and the rise of self-driving cars with Waymo. Ruth also shares insights from her time at Morgan Stanley during the financial crisis, the importance of long-term investment, and how AI is transforming healthcare. Tune in!


In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New full episodes every Wednesday, and don't miss our Highlight episodes every Friday.


The production team for this episode includes Isabelle Karlsson and PLAN-B's Niklas Figenschau Johansen, Sebastian Langvik-Hansen and Pål Huuse. Background research was conducted by Kristian Haga.




Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

Hi everybody, I'm Nicola Tangen, the CEO of the Norwegian Soin Wealth Fund, and today I'm in really good company because I'm here with Ruth Porrott, the president and chief investment officer of Alphabet, which is the parent company of Google.

0:14.0

Now, of course, Google needs no introduction, but Alphabet in addition also makes self-driving cars, AI chips. It owns YouTube and many more things.

0:22.6

And we own 1.3% of the company, totaling roughly $30 billion.

0:27.6

So, big welcome, Ruth.

0:29.0

It's great to be with you.

0:30.1

Thank you.

0:41.8

Who is going to win the AI race?

0:49.3

Well, we feel we're in a really strong position for a number of reasons.

0:59.8

I think when you look at the history of Google focused on AI, we started many, many years ago.

1:09.4

And at this point, we have a very differentiated approach, which starts with the extraordinary team we have led by Demis Asabas, who obviously just won the Nobel Prize.

1:11.8

That goes to the strength of the models.

1:19.4

You look at what we're doing on chips with our TPUs, and then we're already really using it across our various platforms, so billions of people are benefiting from AI.

1:23.9

So this full stack approach, we think, is an important element.

1:27.7

That being said, what's exciting to see is how much innovation there is broadly.

1:33.1

And so what we're looking at is the opportunity, I think, collectively, globally, to have an unlock from the upside, given the innovation that we're seeing not just at Google but at other

1:45.7

places. So is it now a matter of who's got the best people or the most money or the best data

1:51.8

or the best chips? What is it? What is it about? Well, the reason I started with what we're really

1:56.8

proud of our full stack approach from talents and models to the platforms and chips is it

2:02.4

really is taking this full stack approach and I think very importantly this intense focus on

2:08.9

innovation and continuing to push forth. You know, one of the things that really struck me when

2:13.7

Demis was awarded the Nobel Prize this last fall. And he was asked, what was it that really

2:21.9

started him on this journey? And he said what motivates him is to take on the most intractable,

...

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