The AI paradox: How Meta's ad business is benefiting from artificial intelligence, but Google is suffering
New Delhi, Nov. 2 -- Last week, Google's parent company, Alphabet, reported disappointing results in the core business of search advertising. Revenue from ads came in at $82 billion, missing expectations of $83.4 billion.
Chief business officer Philipp Schindler attributed a larger-than-expected deceleration in search advertising growth to greater use of AI Mode, a chatbot interface for the search engine with which the company is still experimenting with ads. Google would begin rolling out advertisements in AI Mode to international markets, Schindler told a conference call.
In contrast, another tech giant, Meta, the parent company of Facebook, Instagram and WhatsApp, reported $63.1 billion in advertising revenue in the third quar...
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