Google's Pichai Says Ads With AI Overviews Earn Same As Ads Without AI Overviews

Google CEO Sundar Pichai stated that search ads featuring AI Overviews currently generate the same ad revenue per query as traditional search ads without AI Overviews.
He expressed confidence that ad revenue will improve over time as the integration of AI into search evolves.
Pichai highlighted that AI search ads are at a baseline level and sees AI’s potential in delivering more relevant commercial information effectively.
Despite claims of ads within AI Overviews, such ads are rarely observed in practice, though ads are present around AI Overviews on search results pages.