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1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Oct 31, 2025 by Satya Nadella · across every show →
Everything said about search, oldest first
Oct 31, 2025
Nadella: AI chat unit economics differ fundamentally from search due to per-query GPU costs
“Search was pretty magical in terms of its ad unit and its cost economics, because there was the index, which was a fixed cost that you could then amortize in a much more efficient way. Whereas this one, you know, each chat to your point, you have to burn a lot…”