Is Google’s Search Business Threatened by AI? – Fagen wasanni
Alphabet, the parent company of Google, is set to release its quarterly earnings report, which will shed light on the potential threat to Google’s internet search dominance posed by AI. The rise of generative AI tools and Microsoft’s adoption of AI in its Bing search engine have made this earnings report highly anticipated.
Analysts are expecting more moderate performance from Alphabet this quarter, but with the stock already up 40% this year, there is room for a potential fall. One key question is whether conversational AI chatbots like Bing Chat and ChatGPT have diverted users and advertising from Google Search. Additionally, investors are interested in how the competition has affected Google’s spending and profit margins, considering its recent cost-cutting efforts.
Wall Street analysts anticipate $72.8 billion in revenue for the quarter, a 4.5% increase from the previous year. This growth rate is considerably slower than the 13% increase seen in the same period last year….
The post Is Google’s Search Business Threatened by AI? – Fagen wasanni first appeared on SEO, Marketing and Social News | OneSEOCompany.com.
source: https://news.oneseocompany.com/2023/07/25/is-googles-search-business-threatened-by-ai-fagen-wasanni_2023072548064.html
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