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Why AI is boosting Meta's ad business while hurting Google search (CNBC)

The gap between Meta's ad revenue growth and Google's search expansion was the widest it's been since 2021 in the latest quarter.

Meta Andromeda: Powering the Next Generation of Ads Retrieval Through Model-System Co-Design (Engineering at Meta Blog)

The advertising businesses of the two tech giants have reached a 'turning point'! AI boosts Meta (META.US) but acts as a constraint on Google's (GOOGL.US) search business. (Moomoo)