Google's search revenue Ferrari hits an AI-powered speed bump

Google is paying a higher price for its bet on AI than even Alphabet's $51.4 billion in Q3 capital expenditures suggest. The biz appears to have traded its high-performing search advertising business for the mediocre monetization of AI Overviews and AI Mode, a misstep that contributed to investor concerns as Alphabet lost roughly $500 billion in market value despite management's attempts to reassure Wall Street. Google's year-over-year search revenue growth slowed from 17 percent in Q2 to 12 per