Good point. Something else that occurs to me is that Google may be between a rock and a hard place with their advertisers. Currently advertisers pay a lot of money for top of the page "sponsored" results, and there's probably not an immediately straightforward solution to integrating Bard while maintaining the visibility of those ads.
Even if they integrate ads well, Simple fact that Bard is costlier to run will hurt Google. If Search Engine profits go down by 60%, MSFT and OpenAI can still pursue it but not Google.
It feels like Google was able to enshitify their results by loading with ads and going for longer 'engagement' times because it used to be worth it to persist with Google until you got their best answers.
They optimised for profit. Now what?
If they address the competition then they have to undo that optimisation and cut into their own profits.
My guess is they won't settle for merely extortionate profits, they won't address the competition fully and so people will flip to using LLM-first search.
I'm hoping that in a year or so we're asking why Google went from being the top search on Bing to being only one of many - principally LLM-based - tools people are using for getting answers (most of what 'search' represents now). IMO Google could do with knocking down a peg or two.
It’s true. “Making the worlds knowledge accessible” is in tension with driving traffic to ads.
It would be astonishing if a company can succeed at scale with charging subscriptions for search and AI services, instead of ads. Google would be truly doomed.
How many queries per second does OpenAI get vs Google search?