Shares in Google’s parent company Alphabet dived by almost ten percent on Wednesday, after the web giant admitted AI-powered searches earn it less money than it earns by serving ads with its old-school search engine.

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[–] 119 points 1 week ago (6 children)

put genAI into search.

Cost per search response skyrockets

Unable to monetize search anymore

get sued for providing factually incorrect answers in genAI responses

The greatest business minds of our generation.

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  • [–] 26 points 1 week ago (1 child)

    Company whose business model is to sell advertisements for websites tries to eliminate both, doesn't understand where it went wrong.

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  • [–] 5 points 1 week ago

    Google’s revenue from search rose 12 percent year-over-year to $63.25 billion, a little lower than the 14.5 percent growth the company reported in last year’s Q3.

    It's wild that it took a 2.5% search revenue miss to make them wonder if maybe this is actually dumb as shit. 🤔

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