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2023-12-21 10:28:40
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Google's Parent Company Hits New Highs Amid AI-Driven Advertising Reforms
Google plans significant reforms to its advertising platform, leading to a rise in stock prices as the company increases its reliance on AI-generated advertisements. AI-driven sales have higher profit margins. Google is considering restructuring its advertising sales team and may implement layoffs. As of September, YouTube's advertising sales have grown by 12.4%.