Worth knowing
Google hasn’t figured out how to make AI pay like its search engine
It highlights the ongoing financial challenge tech giants face in monetizing AI features enough to justify massive capital expenditures on AI infrastructure.
Reported by The Verge ·
What happened
Alphabet's third-quarter earnings showed Google Search revenue growth slowing to 12 percent and paid click growth dropping to 8 percent, even as search queries rose at their fastest rate in five years. Following the report, Alphabet shares fell about 14 percent amid investor concern over the company's plans to spend roughly $200 billion on AI-focused infrastructure this year.
Who it’s about
- Alphabet
- Philipp Schindler
Source
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