Google hasn’t figured out how to make AI pay like its search engine

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Google says AI is boosting searches, but that activity isn’t translating into faster growth for the business that pays for it.

Search queries are growing at their fastest rate in five years, Google parent Alphabet said in its earnings report last week. However, Google’s Search revenue growth slowed to 12 percent year over year in the third quarter, down from roughly 17 percent in the previous quarter.