That’s a problem, cos it just spent $51 billion on infrastructure and still needs to rent compute from others to run its cloud

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.

  •  @programming.dev
    2·
    15 days ago

    the growth in ad spend is publishers trying to buy back their organic traffic that google is pilfering.

    that’s obviously not a sustainable position, just everyone panicking and trying to pump the numbers while they look for new business model and/or job.