The search behemoth acknowledged that its 'AI model' has exerted an influence on its conventional search operations, resulting in both revenue and profits failing to meet market forecasts. Google's capital outlays linked to AI surpassed $50 billion during the third quarter, setting a new benchmark for cash disbursement. Concurrently, the sluggish performance of its primary search advertising segment has sparked apprehension among investors, precipitating a notable decline in its share price.
