Jason Helfstein

Right.

They basically talked about the point is that they said on their earnings call that everything around AI is driving more search engagement.

And that's a positive.

I mean, we all look at the market share, right?

And they've been gaining share against ChatGPT.

And I think that's probably, I think from a near-term stock perspective, that's probably the biggest factor.

That, you know, if ChatGPT launches a new model, which then they put into, OpenAI launches a new model, they put into ChatGPT, and then they start to show more of a positive inflection in users, user share, that will hurt Google.

But, I mean, do keep in mind on Android, those numbers are heavily influenced by Android because, you know, they do a good job of, like,

getting you to open up Gemini on Android more.

It would be very interesting if you look at the data on Apple, where you have to more proactively download Gemini onto Apple products, which they're seeing good traction, but that to me is more indicative of the success.

Well, I think that's right.

I mean, because they don't need to, right?

Like, it's first, they're not even fully penetrated with ads on AI overviews.

Then it's get ads to AI mode.

Then maybe you move the whole thing to AI mode, right?

And then at some point, yeah, it'll all be Gemini.

But the point is, like, there's no rush.

They don't need the money.

Again, 17% growth.

They're doing just fine.