Google Starved Out Publishers With AI Search. Now, Its Pivot Is Blowing Up in Its Face.
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Woe is Google. After it starved out publishers with its AI features, it’s now getting a taste of its own medicine.
Shares of its parent company Alphabet took an over 11 percent nosedive on Wednesday, after it disclosed that its AI search features are raking in less money than its traditional search ad model. The steep correction wiped out more than $500 billion in market value.
In its Q3 report, Google reported a quarterly revenue of $127.6 billion, a 25 percent year over year i
Shares of its parent company Alphabet took an over 11 percent nosedive on Wednesday, after it disclosed that its AI search features are raking in less money than its traditional search ad model. The steep correction wiped out more than $500 billion in market value.
In its Q3 report, Google reported a quarterly revenue of $127.6 billion, a 25 percent year over year i
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