In mid-October, analysts at Bank of America Global Research said they expected to see search strength in the third quarter “suggesting AI is driving higher monetization,” as well as “positive commentary” from Google on how its AI Overviews feature is “driving higher usage, or new advertising opportunities.”
“In Search, our new AI features are expanding what people can search for and how they search for it,” Pichai said. “In Cloud, our AI solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals.”