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eicker@lemmy.world to Technology@lemmy.worldEnglish · 16 hours ago

Google Starved Out Publishers With AI Search. Now, Its Pivot Is Blowing Up in Its Face: Its AI Mode isn't the cash cow it hoped it would be.

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Google Starved Out Publishers With AI Search. Now, Its Pivot Is Blowing Up in Its Face: Its AI Mode isn't the cash cow it hoped it would be.

futurism.com

eicker@lemmy.world to Technology@lemmy.worldEnglish · 16 hours ago
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Google Starved Out Publishers With AI Search. Now, Its Pivot Is Blowing Up in Its Face.
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Google stock plummeted after it admitted that its AI Mode was raking in less money than its traditional search ad model.
  • anonymouspl@piefed.world
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    15 hours ago

    They got what they deserved. Taking into consideration that Chinese AI companies are loosing heavily in the stock market - I am certain that it is time for the US as well. I bet that within two weeks from US elections AI companies will be at least 20-30% lower than today.

    • eyesaremosaics@lemmy.zip
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      15 hours ago

    • meat@lemmy.blahaj.zone
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      15 hours ago

      You can make that bet with a short

      • CapuccinoCoretto@lemmy.world
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        10 hours ago

        You can lose everything and then some before the inevitable, or even rational comes to pass.

        • 🇨🇦GreenBeard🇨🇦@lemmy.ca
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          5 hours ago

          There’s an old saying in economics. “The market can stay irrational for a lot longer than you can stay solvent.” It feels very applicable.

      • mriormro@lemmy.zip
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        14 hours ago

        Pffft, as if I have money.

        • aksdb@lemmy.world
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          13 hours ago

          Short on money then

          • Anti_Iridium@lemmy.world
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            11 hours ago

            That was a hysterical comment my friend.

      • criss_cross@lemmy.world
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        14 hours ago

        Don’t actually do this because you could end up owing a lot more than you can afford.

      • ThirdConsul@lemmy.zip
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        14 hours ago

        I hate that. Are you a normal person? Then have some middleman fees. And a bit more. And sprinkle a little on top.

        Oh, you’re a hedgefund? Here you have it with minimal fees, because god forbid rich won’t grow richer asap.

        • willington@lemmy.dbzer0.com
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          11 hours ago

          Democratizing the casino, eh?

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