TMTB: GOOGL AI features/mixed checks; W ug at ISI, 3p +ve; META/GOOGL/AMZn Ad checks; TSLA; SQ MS dg; AAPL better services; Sohn pitches; PARA; RDDT sell at Bernie; BMBL dg; CDW catalyst watch at Cit

Good morning. QQQs are up 50bps, BTC +90bps, yields are ticking up 1-2bps and China is up 65bps.

Busy morning so let’s get to it…

GOOG: May charge for AI-powered features (FT) / Perplexity’s growth upends SEO fears, reveals crack in Google’s dominance (Venture Beat)

FT:

Google is considering charging for new “premium” features powered by generative artificial intelligence, in what would be the biggest ever shake-up of its search business. The proposed revamp to its cash cow search engine would mark the first time the company has put any of its core product behind a paywall, and shows it is still grappling with a technology that threatens its advertising business, almost a year and a half after the debut of ChatGPT. Google is looking at options including adding certain AI-powered search features to its premium subscription services, which already offer access to its new Gemini AI assistant in Gmail and Docs, according to three people with knowledge of its plans….GOOGL spokesman said ““W…