AI Eats Google Search.

You expect AI chat to take search ads. Hold every Alphabet business except Search, plus an AI rival.

What It Holds.

GOOGLE CLOUDSells AI computing and models to businesses, so it gains as AI use grows.40%

YOUTUBEVideo ads that do not depend on search queries.25%

XAIGrok competes with search for people's questions.20%

OTHERPixel, subscriptions and Waymo: the rest of Alphabet without Search.15%

Simulated prices. Illustrative split, not a live market.