Google Says AI Mode Queries Reduced Search Revenue Monetization
[AINews] Google admits AI Mode hurts Search revenue; -15% $500B drop worst since 2004 IPO. AI Bear Market coming?
What happened
Google Chief Business Officer Philipp Schindler said strong growth in AI Mode queries affected Search revenue because AI Mode had lower monetization. Google does not break out AI Mode in enough detail for a rigorous analysis, and the newsletter says the comment came alongside other weak earnings results that triggered steep declines across tech.
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