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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has enough money in the bank that they can run at huge losses for the next 100 years

They're not dumb. They're just throwing spaghetti at the wall and don't have to worry when 90% of it doesn't stick

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