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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[–] 2 points 1 week ago (1 child)

the growth in ad spend is publishers trying to buy back their organic traffic that google is pilfering.

that's obviously not a sustainable position, just everyone panicking and trying to pump the numbers while they look for new business model and/or job.

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