Google struggling to make AI Mode searches pay
Despite high search query growth, Google's chief business officer noted lower monetization in 'AI Mode'. The company spent $51.4 billion in Q3 on infrastructure, including servers and datacenters, which impacted overall net income.
Key points
- AI-powered searches earn less than traditional search ads
- Search revenue rose 12% YoY to $63.25 billion
- Q3 infrastructure spending reached $51.4 billion
- Net income dropped to $26.17 billion from $35 billion last year
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