--- title: Google admits AI Mode hurts Search revenue; -15% $500B... description: Google's Chief Business Officer Philipp Schindler said the strong growth in AI Mode queries had an impact because of lower monetization in AI Mode, and... canonical: https://daily.dev/posts/google-admits-ai-mode-hurts-search-revenue--15-500b-drop-worst-since-2004-ipo-ai-bear-market-com-xf5dwavey twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Google admits AI Mode hurts Search revenue; -15% $500B drop worst since 2004 IPO. AI Bear Market coming? | daily.dev og:description: Google's Chief Business Officer Philipp Schindler said the strong growth in AI Mode queries had an impact because of lower monetization in AI Mode, and... og:url: https://daily.dev/posts/google-admits-ai-mode-hurts-search-revenue--15-500b-drop-worst-since-2004-ipo-ai-bear-market-com-xf5dwavey og:image: https://api.daily.dev/og/posts/XF5DwavEy.png og:image:alt: Google admits AI Mode hurts Search revenue; -15% $500B drop worst since 2004 IPO. AI Bear Market coming? og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Google admits AI Mode hurts Search revenue; -15% $500B drop worst since 2004 IPO. AI Bear Market coming? **[Latent Space](https://daily.dev/sources/latentspace)** · 33 min read · 2 upvotes · 0 comments ## Summary Google's Chief Business Officer Philipp Schindler said the strong growth in AI Mode queries had an impact because of lower monetization in AI Mode, and together with other bad earnings results it set off steep tech declines. OpenAI is raising at $1.25T not $1.4T, not the sort of thing you want before one of the biggest tech IPOs of all time. Reddit's CEO says Google's AI Mode 'does not drive traffic', and search referrals fell by more than 1M per week in October. The roundup also covers Anthropic renaming its Max subscription tiers (Max at $100/month, Ultra at $200/month) and removing Ultra's 5-hour session limit, plus Anthropic's Nasdaq S-1 filing under ticker 'ANT' showing H1 2026 revenue of $16.3B versus $1.2B a year earlier, and the release of Gemini 4 Carbon, Mistral Large 4, and other frontier models. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### Why did Google's stock drop after the AI Mode search revenue comments? Google's Chief Business Officer Philipp Schindler said strong growth in AI Mode queries hurt revenue because of lower monetization in AI Mode compared to traditional search. This statement, combined with other weak earnings results, triggered steep declines across tech stocks, described as the worst drop since Google's 2004 IPO. _Investors weighing AI's effect on ad-driven business models can track these shifts on daily.dev._ ### What changed with Anthropic's Claude Max and Ultra subscription plans? Anthropic renamed Max 5x to 'Max' at $100 per month and Max 20x to 'Ultra' at $200 per month, and removed the 5-hour session limit for verified Ultra accounts. Weekly usage limits stay unchanged, and newer accounts keep a temporary limit until verified as an anti-fraud measure. _Developers picking a Claude plan for heavy usage can follow pricing and limit changes on daily.dev._ ### What financial details did Anthropic disclose in its IPO filing? Anthropic filed an S-1 to list on Nasdaq under the ticker 'ANT', reporting H1 2026 revenue of $16.3 billion, up from $1.2 billion a year earlier. Compute spending as a share of revenue fell from about 6.5x to about 0.5x over that period. _Anyone evaluating AI vendor stability before committing to a platform can follow filings like this on daily.dev._ ## Similar posts on daily.dev - [Google dominance is cracking in the AI era](https://daily.dev/posts/google-dominance-is-cracking-in-the-ai-era-ozzlwqpwe) · The Next Web · 2 upvotes · 1 comments - [Google launches the biggest reinvention of search in 25 years](https://daily.dev/posts/google-launches-the-biggest-reinvention-of-search-in-25-years-omnhngl5e) · TechCentral · 0 upvotes · 0 comments - [The Daily Post of AI — Issue №22](https://daily.dev/posts/the-daily-post-of-ai-issue-22-sgzrexfm8) · Medium · 0 upvotes · 0 comments --- Tags: [#ai](https://daily.dev/tags/ai), [#google](https://daily.dev/tags/google), [#anthropic](https://daily.dev/tags/anthropic), [#ai-search](https://daily.dev/tags/ai-search) [View this post on daily.dev](https://daily.dev/posts/google-admits-ai-mode-hurts-search-revenue--15-500b-drop-worst-since-2004-ipo-ai-bear-market-com-xf5dwavey) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Google admits AI Mode hurts Search revenue; -15% $500B drop worst since 2004 IPO. 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