I don't think Google is afraid LLMs will "fix" all its issues. I think they're more afraid that their seemingly unassailable moat is suddenly exposed to disruption.
People use search engines to find answers to questions. If ChatGPT can give an answer faster and in a more natural format then people will flock to it. Most won't care that the quality of the response is as low or lower than what a search engine returns.
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I don't think Google is afraid LLMs will "fix" all its issues. I think they're more afraid that their seemingly unassailable moat is suddenly exposed to disruption.
People use search engines to find answers to questions. If ChatGPT can give an answer faster and in a more natural format then people will flock to it. Most won't care that the quality of the response is as low or lower than what a search engine returns.