Investor: This is the best long-term tech play

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Ann Winblad, co-founder of Hummer Winblad Venture Partners, says Google epitomizes the future more than any other technology company.

"I am still recommending Google, as wherever I look in the future of software, I see Google," she said.

One key to her investment thesis is artificial intelligence, which she believes Google is well positioned to dominate.

"I see Google hoarding small companies and acquiring talent in this space," she said.

Shares of Google are up 4.5 percent this year.

In order to capitalize on this trend, Winblad decided to keep Google as one of her holdings for the "Squawk Box" Portfolio Challenge.

Here are updates on her other picks for the challenge.