I don't think it's the problem with lack of innovation. Google has innovated in a lot of areas - Transformers (the foundation for ChatGPT), Stadia, Project Starline, and some the public may not have heard of yet.
The problem lies with translating that innovation to long term product vision, and reimagining how these innovations could be made into a product.
I suspect that they announce it to fast too, too soon - before it's proven. Stadia and LaMDA is an example of this. They actually showcased LaMDA last year or the year before that in I/O. The other is that they give up on innovations too soon because they can't think of ways to monetize them.
The problem lies with translating that innovation to long term product vision, and reimagining how these innovations could be made into a product.
I suspect that they announce it to fast too, too soon - before it's proven. Stadia and LaMDA is an example of this. They actually showcased LaMDA last year or the year before that in I/O. The other is that they give up on innovations too soon because they can't think of ways to monetize them.