The future of Google Search is a big green box.
That's exactly what Google showed off this month at Google I/O, the company's yearly developer conference. The theme for 2023 was AI, a term mentioned more than 140 times during the two-hour keynote presentation. Google unveiled AI products that will actually be released to the public, an about-face for the apprehensive internet giant in response to growing competition.
Late last year, OpenAI launched ChatGPT to near-universal adulation. Suddenly, everybody had access to a generative AI engine that could seemingly answer any question with a novel response. It's powered by a large language model, or LLM, that essentially lets it act as "autocomplete on steroids," using massive amounts of text data to figure out what the next best word should be.
The power and ease of ChatGPT helped it become the fastest growing consumer web platform ever. It prompted Microsoft to up its investment into OpenAI and integrate ChatGPT's tech directly into Bing search earlier this year, a move that helped the company see a 16% increase in traffic. The day before Microsoft unveiled Bing AI, Google announced its own generative AI engine, Bard, although it flubbed the launch and lost $100 billion in stock market value in the process. The stock has since rebounded to its highest level so far this year.
In many ways, Google I/O was a referendum on the company's wonky entrance into consumer AI and a clear message to skeptics (and investors) that it's willing to take radical steps to stay at the forefront of internet search, even if that means upending its core product. Google Search has long been the engine for how we all look for product information, find the latest news and otherwise interact with the internet, and for how many businesses make money.
The new Search Generative Experience, or SGE, is an experimental version of Search that deprioritizes the 10 blue links that have defined Google for the past quarter century. Instead, any query, regardless of how specific, gets answered in a mushrooming green box that expands as it fills the screen with a person's answer.
"Now search does the heavy lifting for you," said Cathy Edwards, vice president of engineering at Google, during I/O. She said that in the Search we know today, complex queries have to be broken down into smaller questions where you, the user, have to sift through the information yourself and formulate the answer in your head. SGE can do all of that automatically, even allowing you to ask follow-up questions.
Google Search Generative Experience is an experimental version of Search that integrates AI-generated results, similar to Bing and ChatGPT.
At the same time, it also means not having to visit multiple sites – clicks that webpages rely on, potentially upending the internet's ad-driven business model.
Google is by far the largest player in online search, with 93% market share, according to Statcounter. Online search engines are also the greatest drivers of traffic for websites, with 68% of online experiences beginning at a search engine, according to a 2019 report by Brightedge Research. Google's dominance in search at one point helped it see a valuation of $2 trillion.
With SGE, Google is potentially thrusting internet users and businesses into a new future, one that'll require a rethinking of how quality information can continue to percolate while also incentivizing people into creating valuable content to feed its AI machine.
Because sign-ups just started for SGE, there isn't any data yet to share regarding user experience. Microsoft, however, has been gathering feedback for Bing AI over the last three months and could provide a lens on how consumers may react with AI-driven Google searches.
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