Narrative · Technology
Search Moat Erosion
AI-native search alternatives are eroding Google's query volume among younger demographics. The 90% search share thesis is under real pressure.
Thesis
AI-native search alternatives are eroding Google's query volume among younger demographics. The 90% search share thesis is under real pressure.
Timeline
Thesis Breakers
If any of these signals appear, the thesis should be re-evaluated.
Key Evidence
ChatGPT search queries surpass 1B/day in March 2026
Google query volume -4% YoY among 18-34 demographic
Perplexity AI funding round at $9B valuation
Conviction Score
0
/100
Evidence strength
85/100
Market response
70/100
Insider alignment
80/100
Counter signals
None
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