Google's AI search growth lags behind revenue hopes

google's search revenue grew 12 percent in q3, missing the 15 percent expected by analysts. the company's ai-powered search queries are growing rapidly, but they generate less revenue than traditional search. google's executive philipp schindler acknowledged that the strong growth in ai mode queries had an impact due to lower monetization. despite this, google's cloud revenue more than doubled year over year to $30.7 billion, up 103 percent. the company is doubling down on ai buildout, with capital spending hitting $51.4 billion in q3 alone.