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.

  • Postimo@lemmy.zip
    5·
    4 days ago

    Google’s revenue from search rose 12 percent year-over-year to $63.25 billion, a little lower than the 14.5 percent growth the company reported in last year’s Q3.

    It’s wild that it took a 2.5% search revenue miss to make them wonder if maybe this is actually dumb as shit. 🤔