Tuesday, 23 July 2024

Alphabet's earnings show investors are impatient for the data on AI returns. No one has the answer yet.

In Tuesday's earnings call, investors repeatedly pressed Alphabet's leadership team for more information about how its AI initiatives are performing and how they would generate revenue, but executives remained tight-lipped.

One investor, referencing the rollout of AI overviews to summarize Google Search results, asked specifically about click-through rates and the monetization levels of the AI overview compared to traditional searches.

Both CEO Sundar Pichai and senior vice president and chief business officer Philipp Schindler chimed in, but neither gave a specific number.

"We have rolled it out in the US, and we will be through the course of the year, definitely scaling it up," Pichai responded. "Both to more countries, and also, you know, we have taken a conservative start, focused on quality, making sure the metrics are healthy and so on, but you will see us expand the use cases around it."


Full story at Yahoo News.

By Katherine Tangalakis-Lippert.


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