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Google's search revenue Ferrari hits an AI-powered speed bump

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ai and ml

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Just wait 'til we add more AI and this thing'll really fly

Google is paying a higher price for its bet on AI than even Alphabet's $51.4 billion in Q3 capital expenditures suggest.

The biz appears to have traded its high-performing search advertising business for the mediocre monetization of AI Overviews and AI Mode, a misstep that contributed to investor concerns as Alphabet lost roughly $500 billion in market value despite management's attempts to reassure Wall Street.

Google's year-over-year search revenue growth slowed from 17 percent in Q2 to 12 percent in Q3 .…

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