AIO
Virtus Artificial Intelligence & Technology Opportunities Fund
stock NYSE Closed Ended Fund

Initial Thoughts:
* Search — My prediction is that AI Overview will be removed once AI Mode is completely rolled-out. I personally shifted to web search via OpenAI and Claude, but the quality of Google Search, ignoring AIO for the sake of comparison, is still substantially better than DDG and Bing. Side note, AI Mode is pretty reliable, contrary to AI Overview.
* Gmail — The integration of Gemini into Gmail was poorly rolled out, and in bad taste. In particular, the opt-out isn't even an option. But Gmail isn't much of a direct revenue driver, and the other alternatives are equally, if not more, cluttered (e.g. Outlook).
* Ad Blockers — The removal of ad blockers will benefit Google, since Google is an ad company, at the risk of stating the obvious. Firefox has its own set of issues, and the marketplace for extensions is probably why Chrome's market share for browsers will remain stable.
* Android — Even if Google is no longer the default search engine for Apple, most consumers will continue to set Google Search as their default. If Apple Intelligence was even a fraction up to par with the foundational LLMs, would be a risk—but the sentiment around Apple catching up is not looking favorable.

Initial Thoughts:
* Search — My prediction is that AI Overview will be removed once AI Mode is completely rolled-out. I personally shifted to web search via OpenAI and Claude, but the quality of Google Search, ignoring AIO for the sake of comparison, is still substantially better than DDG and Bing. Side note, AI Mode is pretty reliable, contrary to AI Overview.
* Gmail — The integration of Gemini into Gmail was poorly rolled out, and in bad taste. In particular, the opt-out isn't even an option. But Gmail isn't much of a direct revenue driver, and the other alternatives are equally, if not more, cluttered (e.g. Outlook).
* Ad Blockers — The removal of ad blockers will benefit Google, since Google is an ad company, at the risk of stating the obvious. Firefox has its own set of issues, and the marketplace for extensions is probably why Chrome's market share for browsers will remain stable.
* Android — Even if Google is no longer the default search engine for Apple, most consumers will continue to set Google Search as their default. If Apple Intelligence was even a fraction up to par with the foundational LLMs, would be a risk—but the sentiment around Apple catching up is not looking favorable.