But the reality is, LLMs are a cannibalization threat to Search. And the Search Monopoly is the core money making engine of the entire company.
Classic innovators dilemma. No fat-and-happy corporate executive would ever say yes to putting lots of resources behind something risky that might also kill the golden goose.
The only time that happens at a big established company, is when driven by some iconoclastic founder. And Google’s founders have been MIA for over a decade.
It’s not short sightedness, it’s rational self-interest. The rewards for taking risk as employee #20,768 in a large company are minimal, whereas the downside can be catastrophic for your career & personal life.