this post was submitted on 25 Oct 2023
270 points (98.2% liked)
Technology
59135 readers
2313 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is the best summary I could come up with:
While Google has been dealing with fierce competition on all sides and is investing a lot into infusing AI into as many products as it can, its ads business, the company’s bread and butter, is still humming along.
Google’s AI-powered Search Generative Experience is still only available on an opt-in basis, so we don’t yet know how much it’ll impact the company’s ad business.
Later in the call, chief business officer Philipp Schindler added that “it’s extremely important to us that in this new experience, advertisers still have the opportunity to reach potential customers along their search journeys.”
“Across the portfolio of Other Bets companies, we have also been working to identify opportunities to create sharper focus and to operate more efficiently and effectively,” Porat said.
I’m interpreting that to hint at some future reductions of some kind in Alphabet’s Other Bets investments, but we’ll have to wait and see what the company actually decides to do.
There’s also a shadow over Google due to the Department of Justice’s huge antitrust trial against the company, which kicked off in September.
The original article contains 552 words, the summary contains 180 words. Saved 67%. I'm a bot and I'm open source!