Google’s search revenues increased slightly in the first quarter of 2023, which is much slower growth than the company saw in the previous two quarters.
This is due to competition from Microsoft’s AI-powered Bing chatbot and OpenAI’s ChatGPT.
Google is focusing on building out its AI capabilities and is combining its Brain and DeepMind groups into one Google DeepMind organization.
Additionally, Google revealed that its cloud business is profitable and is rumored to be releasing new Pixel devices at Google I/O on May 10th.
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