#Google boss addresses concerns of AI replacing advertising staff post layoffs

#Google boss addresses concerns of AI replacing advertising staff post layoffs

Philipp Schindler, Google’s senior vice president, explains AI is being utilized to deliver ROI at scale more efficiently. Google officially clarified that it has no plans to replace its advertising sales staff with AI. Philipp Schindler, Google’s senior vice president and chief business officer, emphasized that recent organizational restructures were geared towards enhancing the efficiency…

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#Microsoft Search and News Advertising revenue up 8%

#Microsoft Search and News Advertising revenue up 8%

This is the first time Microsoft has reported its quarterly earnings as a $3 trillion company and included revenue from Activision Blizzard. Microsoft reported its strongest financial quarter to date after becoming a $3 trillion company. Search and news advertising revenue increased 8% year on year, excluding traffic acquisition costs that Microsoft pays to publishers. However,…

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#Google search CPCs up 19%, pushing ad spend up 17%

#Google search CPCs up 19%, pushing ad spend up 17%

As more advertisers boost their ad spend on Google Search ads, competition is growing, causing the product to become more expensive. Spend on Google search ads in the U.S. rose by 17% year-on-year in the final quarter of 2023. Google click growth remained steady at 8% year-on-year, while cost-per-click accelerated to 9% during the same…

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#LinkedIn to sunset lookalike audiences

#LinkedIn to sunset lookalike audiences

The platform recommends adjusting your audience targeting strategy to either predictive audiences or audience expansion. LinkedIn will discontinue lookalike audiences on February 29. Why we care. Before March, advertisers must modify their audience targeting strategy, as they will no longer be able to create new lookalike audiences or edit existing ones. What are lookalike audiences?…

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