“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.”
Google spent $51.4 billion in one quarter and net income dropped from $35 billion to $26 billion. The new search product makes less money than the old one. The fix is shoving ads into AI answers worldwide. That’s the AI future. Same ads, worse margins, and you pay for it in trust.