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When this stuff inevitably starts being used by every news and shopping website I wonder how search engines will be able to index it.

Legal agreements and money changing hands between publishers and Google.

Google and their AI won't have any issues, but their competitors probably will.

They'll just have a separate version that is SSR'd for Googlebot.

meta tags, and crawlers will use headless browsers or another thing and OCR on top of that. Google already handles SPAs where the content isn’t available until the JS is run. I wouldn’t be surprised if they already have tested or use a modified chromium and for crawling, plus OCR if necessary.

Does not make much sense. If search engines can't index it, no news website will do it.

If news websites can use this to bypass ad blockers then it might still be worthwhile, and I imagine a lot of traffic comes from social media sites these days.