Hold onto your keyboards, because Microsoft is about to give Google a run for its money.
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The tech giant has recently been discussing its new and improved Bing search engine with ad agencies, and it's set to be powered by some serious AI capabilities.
In a top-secret meeting with a major ad agency, Microsoft revealed its plans for the AI-powered Bing, and it's going to give users the opportunity to click on paid links within the search results. That's right, you read it correctly - PAID links.
The secret to Bing's new capabilities lies in the magic of generative artificial intelligence, which produces original answers in a human-like voice. According to reports, Microsoft is already testing ads in the new chatbot version of Bing that's only available to a select few lucky users.
This cutting-edge chatbot generates responses to open-ended questions, and Microsoft expects the more human-like the responses, the more users will flock to Bing.
And with more users, you guessed it - more advertisers.
But let's not get ahead of ourselves - we all know that AI can be a little unpredictable, and both Bing and Google have recently unveiled their own chatbots. However, early search results and conversations with Bing's chatbot have shown that it can indeed generate some surprising and unexpected results.
But let's get back to the topic at hand - ads. Microsoft is planning to insert traditional search ads, which feature links to products and services related to the user's search, into the responses generated by the Bing chatbot.
But that's not all, folks.
Microsoft is planning to create a whole new ad format within the chatbot that will be aimed specifically at advertisers in various industries. The chatbot could also help ensure that ads aren't pushed down the page by integrating them into the top of the search page.
And with every percentage point of market share gained in the search advertising market, Microsoft could be looking at another $2 billion in ad revenue.
So it seems that Microsoft has big plans for Bing, and the AI-powered search engine could be a major player in the advertising space. However, only time will tell if Bing can truly give Google a run for its money.
One thing's for sure, though - things are about to get interesting in the world of search engines.
The new Bing is a potentially lucrative opportunity for Microsoft that could earn the company $2 billion for every percentage point of market share it gains in the search advertising market
https://www.rappler.com/technology/microsoft-bing-plans-ai-ads-early-pitch-advertisers/